| Stage | NCNO | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $161M | 100.00% | $92.3B | 100.00% | MSFT ×573.16 |
| Gross profit | $101M | 62.59% | $62.6B | 67.79% | MSFT +5.2pp |
| Operating income | $14M | 8.46% | $45.9B | 49.76% | MSFT +41.3pp |
| Pre-tax income | $8M | 4.92% | $46.0B | 49.80% | MSFT +44.9pp |
| Net income | $6M | 3.97% | $36.6B | 39.69% | MSFT +35.7pp |
| Stage | NCNO | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $161M100.00% | $92.3B100.00% | MSFT ×573.16 |
| Gross profit | 62.59%$101M | 67.79%$62.6B | MSFT +5.2pp |
| Operating income | 8.46%$14M | 49.76%$45.9B | MSFT +41.3pp |
| Pre-tax income | 4.92%$8M | 49.80%$46.0B | MSFT +44.9pp |
| Net income |
| 3.97%$6M |
| 39.69%$36.6B |
| MSFT +35.7pp |
NCNO 10-KMar 31 '26
“Utilizing the open architecture of the nCino Platform, an increasing number of technology partners, including Anthropic, AWS, Databricks, Salesforce, Rich Data Co, Alloy, Plaid, and Docusign, are integrated within our Platform.”
MSFT · DOCU 10-KMar 18 '26
“We operate co-location data centers in several locations, and we also leverage public cloud infrastructure for an increasing number of services, as we continue to migrate our production services from our data center hosting facilities to Microsoft Azure Cloud, a third-party cloud provider.”