Shares of nCino jumped after the company raised its full-year revenue guidance and said its profit more than doubled in the fiscal first quarter.

The stock rose 14.2% to $17.35 after hours. Shares had closed the market down 41% year to date.

The cloud-banking company said it expects $642 million to $646 million in revenue for the fiscal year that ends on Jan. 31, up from a previous estimate for $639 million to $643 million.

That includes between $158 million and $160 million in the fiscal second quarter that started this month, in line with the forecasts of analysts polled by FactSet.

For the first quarter that ended April 30, revenue climbed 11% to $159.4 million, topping analyst projections for $155.8 million. The company posted a profit of $13.6 million, or 12 cents a share, up from $5.6 million, or 5 cents a share, in the year-earlier quarter.