The News Bee earnings: 16 cents per share, vs expected EPS of 14 cents earnings: 16 cents per share, vs expected EPS of 14 cents 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.102691799-450862997.530x298

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. 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. 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.