nCino (NASDAQ: NCNO) stock is posting big gains in Wednesday's trading. The software company's share price was up 10% as of 3:40 p.m. ET. Meanwhile, the S&P 500 was up 0.8% at the same point in the day's trading, and the Nasdaq Composite was up 1.2%.

nCino published its fiscal fourth-quarter results after the market closed yesterday, delivering sales and earnings that exceeded Wall Street's forecasts. Making the picture even sweeter, the company issued forward guidance that suggests strong performance is poised to continue.

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nCino's non-GAAP (adjusted) earnings per share of $0.37 in last year's fourth quarter beat the average Wall Street analyst estimate by $0.16 per share. Meanwhile, sales for the period came in at $149.67 million -- beating the average analyst estimate by $2.26 million.

Subscription sales accounted for 88% of overall revenue in the quarter -- up from 86% in the prior-year period. Meanwhile, annual contract value (ACV) increased 17% year over year.

Along with its fiscal Q4 report, nCino also provided guidance for fiscal 2027 -- which ends Jan. 31 next year. The company expects sales between $639 million and $643 million for the year, with subscription revenue coming in between $569 million and $573 million.

ACV is projected to be between $622.5 million and $667.5 million at the end of the fiscal year -- representing a 17% annual increase. Adjusted operating income is projected to be between $165 million and $170 million, jumping from $129.4 million last year. With the company continuing to add new customers and boosting spending from clients already using its platform, nCino's growth engine appears to be in good shape.

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Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends nCino. The Motley Fool has a disclosure policy.

Why nCino Stock Is Skyrocketing Today was originally published by The Motley Fool