×

Salesforce.com earnings: 16 cents per share, vs expected EPS of 14 cents

Attendees arrive to the Moscone Center during a DreamForce Conference in San Francisco.
David Paul Morris | Bloomberg | Getty Images
Attendees arrive to the Moscone Center during a DreamForce Conference in San Francisco.

Salesforce.com reported slightly better-than-expected quarterly earnings and revenue on Wednesday as sales in all of its cloud computing segments rose year over year.

The company posted adjusted fiscal first-quarter earnings per share of 16 cents, up from 11 cents a year earlier. Revenue rose 23 percent to $1.51 billion.

Its shares jumped more than 4 percent in extended-hours trading.

Salesforce CEO Marc Benioff touted the company's performance relative to competitors, saying his company surpassed the $6 billion annual revenue run rate faster than any other enterprise software company.

"Today I am saying we are the fastest to $6 billion, but for me that's the past and I am all about the future, and all I am focused on right now is my dream and my dream is to be the fastest software company to $10 billion. That is what I am working on every single day," Benioff said Wednesday in a CNBC "Mad Money" interview.

Analysts had expected the company to report earnings of 14 cents a share on $1.50 billion in revenue, according to a consensus estimate from Thomson Reuters.

Read MoreBulls back Salesforce as company reports earnings

Salesforce raised its full-year revenue guidance to a range of $6.52 billion to $6.55 billion, which would mark an increase of more than 20 percent from the previous year.

"No one is delivering this kind of performance," Benioff said in the company's earnings conference call.

Benioff also commented on Salesforce's competition in the cloud computing sector, saying Oracle and SAP are "falling behind" based on their recent results.

Salesforce expects a negative effect of $175 million to $200 million from a stronger dollar for the year.

Unbilled deferred revenue—which tracks business that is contracted but does not appear on the balance sheet—reached about $6 billion in its first quarter, up 25 percent year over year.

"We continue to be bullish on the platform that they're building," said Brent Thill, a senior analyst at UBS.

Despite cited currency headwinds, sales rose in each of the company's three main geographic areas—the Americas, Europe and Asia-Pacific.

Salesforce Vice Chairman and President Keith Block called Europe the company's "fastest growing region" in the conference call.

Salesforce is the leader in the $23 billion customer relationship management market, according to research firm Gartner. CRM software allows organizations to manage, organize and track sales leads.

The San Francisco-based company's fundamentals have lately taken a back seat to headlines regarding M&A speculation. Specifically, there have been reports that Salesforce hired advisors to work with it after an approach by a potential suitor.

Read MoreTraders take big bets on Salesforce.com's cloud

Since April 29, when these reports surfaced, Salesforce's shares are up 5 percent, while both the S&P 500 and the Nasdaq are basically flat over that same period. So far this year, the stock is up nearly 20 percent.

Investors speculated on which tech giant might have knocked on Benioff's door with possible takeout offers. Oracle, Microsoft and IBM were all talked about as potential suitors.

—CNBC's Josh Lipton contributed to this report