Salesforce reported solid first quarter financial results Wednesday after the bell.
The CRM giant reported net income of $38.7 million, or six cents a share.
Non-GAAP earnings were 24 cents per share on revenue of $1.92 billion, up 27 percent year-over-year (statement).
Wall Street was looking for earnings of 23 cents per share with revenue of $1.89 billion.
Subscription and support revenues increased 26 percent annually to $1.78 billion. Professional services and other revenues totaled $141 million, up 33 percent year-over-year.
For the current quarter, analysts are looking for earnings of 25 cents a share on revenue of $1.98 billion.
Salesforce responded with a revenue range of $2.005 billion to $2.015 billion with earnings between 24 cents and 25 cents per share. For the fiscal year, Salesforce upped its guidance by $80 million to reach $8.2 billion.
Salesforce CEO Marc Benioff, who usually reiterates the social enterprise purveyor's goal to achieve $10 billion in annual revenue, said the increase was due to the "strong response" to the company's web-based sales and marketing software.
Salesforce COO Keith Block, who joined Salesforce from Oracle in February, said the company landed yet another 9-figure transaction during Q1.
"No other enterprise software company is building strategic relationships of this size and scale -- and certainly not at this pace," Block said.
Salesforce shares climbed more than six percent in late trading.