Investing.com - Ncino reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ncino announced earnings per share of $-0.04 on revenue of $99.63M. Analysts polled by Investing.com anticipated EPS of $-0.077 on revenue of $97.51M.
Ncino shares are down 27% from the beginning of the year , still down 63.04% from its 52 week high of $79.43 set on Friday, September 17, 2021. They are under-performing the Nasdaq which is down 24.67% year to date.
Ncino follows other major Information Technology sector earnings this month
Ncino's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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