Salesforce.com Meets First Quarter Earnings Expectations With Revenues Of $842M

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Salesforce.com met analyst expectations for its first quarter with non-GAAP earnings per share of 10 cents. Total first quarter revenues were $893 million, an increase of 28 percent on a year-over-year basis.

Subscription and support revenues were $842 million, an increase of 29% on a year-over-year basis. Professional services and other revenues were $50 million, an increase of 25%. It had operating cash flow of $283 Million, up 33%. Salesforce also raised its 2014 fiscal year revenues to an estimaged $3.835 to $3.875 billion.

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Salesforce.com is on a bit of a roll. Gartner nmed it the number one CRM platform in the world this past quarter. CEO Marc Benioff said in the earnings call that it had a record number of SAP customers moving to Salesforce.

(We will update the story as more information comes available.)