04:29 PM EDT, 05/29/2024 (MT Newswires) -- nCino (NCNO) reported fiscal Q1 non-GAAP earnings Wednesday of $0.19 per diluted share, up from $0.07 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Revenue for the quarter ended April 30 was $128.1 million, up from $113.7 million a year earlier.

Analysts surveyed by Capital IQ expected $126.6 million.

The company said it expects Q2 non-GAAP EPS of between $0.12 and $0.13 and revenue of $130.5 million to $131.5 million.

Analysts polled by Capital IQ expect $0.14 and $132.1 million.

For fiscal year 2025, the company raised non-GAAP EPS guidance of $0.65 to $0.68 from $0.60 to $0.64 previously and reiterated its revenue outlook of $538.5 million to $544.5 million.

Analysts surveyed by Capital IQ expect $0.63 and $541.6 million.

The shares of the company were down 7% in after-hours trading.

Price: 28.03, Change: -2.12, Percent Change: -7.03