mohd izzuan nCino ( NCNO ) stock price jumped about 19% on Wednesday during pre-market hours of trading after it reported Q4 performance that exceeded guidance across key metrics. The outperformance was majorly driven by strong contract growth, margin expansion, and improved profitability, while returning capital via a $ 100M accelerated share repurchase . nCino ( NCNO ) posted Q4 revenue of $149....
mohd izzuan nCino ( NCNO ) stock price jumped about 19% on Wednesday during pre-market hours of trading after it reported Q4 performance that exceeded guidance across key metrics. The outperformance was majorly driven by strong contract growth, margin expansion, and improved profitability, while returning capital via a $ 100M accelerated share repurchase . nCino ( NCNO ) posted Q4 revenue of $149.7M, representing a ~6% Y/Y increase , that beat market expectations by $2.26M. While full-year fiscal 2026 revenue reached $594.8M. Subscription revenues continued to dominate the mix, accounting for 88% of total revenue in FY2026, up from 86% two years earlier, highlighting a structural shift toward higher-margin recurring income streams. Its annual contract value (ACV) rose 17% Y/Y, marking one of the strongest leading indicators of forward revenue growth. The fiscal 2026 ACV net retention rate improved to 112% from 106% prior year, signaling strong customer expansion. For fiscal 2027, nCino guided total revenue between $639M–$643M (vs. consensus of $ 641.69M) (~8% growth) and subscription revenue of $569M–$573M (9–10% growth) and an ACV target of $662.5M–$667.5M. Non-GAAP EPS for the quarter came in at $0.37, beating consensus by $0.16 and nearly doubling from $0.19 a year earlier. Non-GAAP net income reached $42.8M, compared with $22M in the prior-year quarter. Outlook for 2027 outlines Non-GAAP operating income between $165M–$170M (~26% margin) and free cash flow of $132M–$137M. Seeking Alpha gives the stock a Strong Sell quant rating with the factor grades given to valuation and momentum. SA contritutor wrote "nCino offers compelling value in the small/mid-cap space, with strong growth and a recent stock dip creating a buying opportunity." More on nCino nCino, Inc. (NCNO) Q4 2026 Earnings Call Transcript nCino, Inc. 2026 Q4 - Results - Earnings Call Presentation NCino outlines fiscal 2027 free cash flow of $132M-$137M while targeting 10% ACV growth nCino Non-GAAP EPS ...
The defense ministers of France and Japan pledged to work together on security in the Pacific as the conflict in the Middle East draws away American military supplies and troops from the region. “As the world attention focuses on the Middle East, it is important to ensure that there are no gaps in the security of the Indo-Pacific region,” Japanese Defense Minister Shinjiro Koizumi said after a mee...
The defense ministers of France and Japan pledged to work together on security in the Pacific as the conflict in the Middle East draws away American military supplies and troops from the region. “As the world attention focuses on the Middle East, it is important to ensure that there are no gaps in the security of the Indo-Pacific region,” Japanese Defense Minister Shinjiro Koizumi said after a meeting in Tokyo with Catherine Vautrin , minister of the Armed Forces of France. The ministers signed a roadmap for cooperation, although no details were provided. They have a mutual interest in maintaining a balance of power in the Indo-Pacific, where China is increasingly assertive. In September, Paris and Tokyo held a joint military exercise named Brunet-Takamori in New Calendonia, a French group of islands in the southwest Pacific Ocean. The ministers were meeting ahead of a summit between French President Emmanuel Macron and Japanese Prime Minister Sanae Takaichi later in the day. According to an official in Macron’s office, the leaders will discuss maritime security in the Strait of Hormuz — although French and Japanese officials have stressed that any expanded role in the area would only be envisaged once the current conflict has subsided. The meeting comes as Brent oil futures fell below $100 a barrel for the first time in a week, after President Donald Trump said he foresaw the war on Iran ending within two to three weeks. He has also said that countries relying on the Middle East for its oil should fend for themselves, leaving questions hanging over how the strait may be managed after the situation is settled. The effective closure of the Strait of Hormuz is a blow for both France and Japan. Japan relies on the Middle East for over 90% of its oil, while Europe has been dependent on natural gas — a fifth of which passes through the choke point. Earlier at a business event in Tokyo, Macron made a veiled jab at Trump when he touted Europe’s “predictability” compared to...
Stock index futures pointed higher before the bell Wednesday as Wall Street looked to continue its upbeat mood amid hopes of a resolution to the Iran conflict. Nasdaq 100 futures ( US100:IND ) rose 0.73%, S&P 500 futures ( SPX ) advanced 0.48%, and Dow Jones Industrial Average futures ( INDU ) climbed 0.44%. President Donald Trump will deliver a prime-time address on Wednesday at 9 p.m. Washington...
Stock index futures pointed higher before the bell Wednesday as Wall Street looked to continue its upbeat mood amid hopes of a resolution to the Iran conflict. Nasdaq 100 futures ( US100:IND ) rose 0.73%, S&P 500 futures ( SPX ) advanced 0.48%, and Dow Jones Industrial Average futures ( INDU ) climbed 0.44%. President Donald Trump will deliver a prime-time address on Wednesday at 9 p.m. Washington time to provide an update on the war in Iran, White House Press Secretary Karoline Leavitt said. On Tuesday, Trump said he was prepared to wind down the military campaign against the country within weeks. Treasury yields edged lower across the curve. The 10-year Treasury yield ( US10Y ) fell 3.9 basis points to 4.28%, while the 2-year yield ( US2Y ) dropped 4.3 basis points to 3.76%. The 30-year yield ( US30Y ) declined 4 basis points to 4.87%. On the economic calendar, investors will watch for the ADP Employment Report, Retail Sales, PMI Manufacturing Final, and ISM Manufacturing Index. More on markets Stasis In The U.S. Labor Market: A Peculiar Situation The Market Can Still Climb This Wall Of Worry - But Not Yet The Market's Big Problem Is Persistence Trump to address nation Wednesday on Iran as U.S. signals exit
Getty Images I am thinking ahead a little bit, but what if coal, crude oil, natural gas prices continue to rise all year? What if they stay higher for longer, maybe well into the future (where today's energy quotes prove the new lows, not the old highs)? If this is our future, solar farm construction will not slow down (as expected), from reduced Trump tax incentives. Instead, demand for electrici...
Getty Images I am thinking ahead a little bit, but what if coal, crude oil, natural gas prices continue to rise all year? What if they stay higher for longer, maybe well into the future (where today's energy quotes prove the new lows, not the old highs)? If this is our future, solar farm construction will not slow down (as expected), from reduced Trump tax incentives. Instead, demand for electricity may accelerate again to meet new AI data center and spiking EV auto sales numbers (as an alternative to sharply rising gasoline costs of operation for ICE vehicles). So, owning the leading U.S. solar panel manufacturer ( 95% of sales and 73% of assets were located in America at the end of 2025 ) , flush with cash, earning a sizable amount of income this year and projected to generate even higher levels for shareholders into the future, makes plenty of sense. That company is First Solar, Inc. ( FSLR ). Seeking Alpha Table - First Solar, Analyst Estimates for 2026-28, March 30th, 2026 Given the 2025-26 jump in prices on other sources of energy, won't the more stable long-term cost structure of a 20-year or 30-year solar farm become incredibly attractive for utilities and major users wanting their own off-the-grid power source? (Note: natural gas prices in the U.S. are well off their $1.70 MMBtu lows during March 2024.) Trading Economics - Energy Prices Globally, March 31st, 2026, Author Reference The simple and logical business-centric answer is "Yes," solar farms are already the cheapest form of electricity generation, even before government tax incentives are included. It would be irrational not to build more of them, regardless of your views on climate change and fossil fuel pollution. Wall Street firm Lazard put out some research last summer similar to the conclusions being made around the globe, highlighting the desirability to build new solar utilities, from a purely economic perspective. Lazard - Comparative Analysis of LCOE, June 2025 Report, Author Reference Level...
Buyout firms sitting on billions of dollars of legacy assets in India got some relief this week, when the country’s finance ministry said it won’t apply anti-tax avoidance laws to investments made before April 1, 2017. The ministry’s tax officials clarified that general anti-avoidance rules won’t apply to any investments made before that date in a gazette notice issued on March 31. That removes a ...
Buyout firms sitting on billions of dollars of legacy assets in India got some relief this week, when the country’s finance ministry said it won’t apply anti-tax avoidance laws to investments made before April 1, 2017. The ministry’s tax officials clarified that general anti-avoidance rules won’t apply to any investments made before that date in a gazette notice issued on March 31. That removes a major headache for legacy private equity and venture investments in the country. The move follows a Supreme Court ruling in January which ordered New York-based Tiger Global to pay capital gains on a 2018 sale of shares in e-commerce company Flipkart, after the court decided not to recognize exemptions under a tax treaty with Mauritius. The decision set off alarm bells among foreign investors, creating widespread uncertainty about how much they would be liable to pay following exits on old deals. “The recent CBDT notification is a narrative correction in light of the recent Tiger judgment and the subsequent ambiguity it generated,” said Siddarth Pai, co-founder of venture capital firm 3one4 Capital, referring to India’s Central Board of Direct Taxes.
Getty Images The approaching mega-IPO cycle will function as a transient liquidity absorber across risk assets before post-lockup wealth recycling produces a net positive medium-term impulse for both equities and crypto. $197 Billion Capital Has to Come From Somewhere In 2025, the U.S. IPO market generated $44B in total proceeds, and the past 10-year total U.S. IPO capital raise is $469B. SpaceX (...
Getty Images The approaching mega-IPO cycle will function as a transient liquidity absorber across risk assets before post-lockup wealth recycling produces a net positive medium-term impulse for both equities and crypto. $197 Billion Capital Has to Come From Somewhere In 2025, the U.S. IPO market generated $44B in total proceeds, and the past 10-year total U.S. IPO capital raise is $469B. SpaceX ( SPACE ) is currently targeting a valuation of approximately $1.75T, with an expected raise of $50B-$70B. Adding OpenAI ( OPENAI ) and Anthropic ( ANTHRO ), both of which have expressed the intention to go public this year, the aggregate capital demand reaches $104-$197B. This estimated raising amount is already assuming an initial float of around 5-10%, well below the standard of 15% of typical IPO. IPO norms typically involve offering 15-25% of shares to public markets, balancing liquidity for price discovery with continued control for founders and early investors. For example, Facebook ( META ) floated 15% and Google floated 19%. However, the total capital demand for SpaceX, OpenAI, and Anthropic would be over $400B assuming a standard 15% float, an amount almost approaching the entire US IPO market raised amounts from 2016 to 2025 combined. This has made a 15% float just impossible. Initial floats for these companies will likely be significantly smaller, with 5-10% as a realistic baseline. Source: x.com The first direct impact is the squeeze on smaller offerings this year as the market capacity is limited and selective. Karken has already paused its IPO plans until conditions improve, an early indicator of the crowding-out effect. Capital directed toward mega-IPO allocations compresses valuations for smaller-cap growth equities, Bitcoin, and crypto broadly, as investors need to fund subscriptions. In addition to capital, culturally prominent listings also absorb financial media coverage and social trading activity for retail, suppressing performance in assets competing ...
一场系统故障，揭开了自动驾驶规模化落地最脆弱的命门。 3月31日晚，武汉二环线杨泗港长江大桥附近，多辆萝卜快跑Robotaxi突然在行驶中“停摆”。闪着双闪的车辆横亘在最左侧车道上。一位现场交警表示：“萝卜快跑系统出故障了，是他们公司的问题，有百八十台。乘客按个按钮，车门可以开，但是人在环线上下不来。我们今天救了很多人。” （图源：小红书） 武汉交警通报称“初步判断为系统故障所致”，但这一轻描淡写的定性，掩盖不了更深层的拷问：当百度Apollo这个号称“技术过硬”的Robotaxi头号玩家，在真实城市交通中上演百车集体趴窝的“僵尸车”奇观，我们还能用“偶发故障”来安慰自己吗？ 就在百度萝卜快跑武汉事故发生的同一个月，国内Robotaxi赛道正上演着“五虎争霸”，RoboTaxi正在加速走向普及。 小鹏汽车宣布成立Robotaxi独立业务部，计划2026年下半年载客示范运营。滴滴与广汽联合研发的Robotaxi已在广州南沙、上海嘉定实现商业化运营，并放出“2027年底部署10万辆”的豪言。文远知行2025年财报显示营收6.85亿元，Robotaxi收入同比暴涨209.6%。小马智行则在去年第四季度首次扭亏为盈，在广州实现了单车运营盈利转正。百度Apollo的萝卜快跑更是以“规模”碾压群雄：2025年第三季度订单量达310万单，同比增长212%，全球部署超1000辆Robotaxi。 在这场看似轰轰烈烈的商业化竞赛背后，隐藏着一个被集体回避的问题：当所有人都把目光投向“规模”“订单”“营收”时，谁在为“安全”兜底？ 从旧金山到武汉，Robotaxi一次次集体趴窝 武汉的事故并非孤例。把目光投向大洋彼岸，Robotaxi的集体瘫痪早已不是新闻。 2025年12月20日，美国旧金山遭遇大规模停电，导致大量Waymo因无法识别失效的交通信号，纷纷启动双闪功能原地停滞，甚至一度阻挡应急通道。更早些的2023年4月，Waymo的五辆自动驾驶出租车曾因浓雾在旧金山市区街道停滞。 （图源：电车通摄制） 今年2月，洛杉矶暴雨中，两辆Waymo在洪水中“趴窝”，被网友调侃为“Waymo water than I was expecting”。 一起起事故证明，Robotaxi的“集体趴窝”已经成为一个跨地域、跨平台、跨技术路线的普遍现象。 技术路线之争：端到端比规则AI更安全？ 旧金山停...