04:47 PM EST, 12/03/2024 (MT Newswires) -- Salesforce ( CRM ) late Tuesday reported fiscal third-quarter revenue that surpassed Wall Street's estimates amid gains in subscription and support sales.

Revenue gained 8% to $9.44 billion, above the $9.35 billion consensus compiled by FactSet. Adjusted per-share earnings rose to $2.41 during the three months ended Oct. 31 from $2.11 a year earlier.

Shares were up 5% in after-hours trading.

Subscription and support revenue increased 9% to $8.88 billion, while professional services and other fell to $565 million from $579 million.

Salesforce ( CRM ) said it now expects fiscal 2025 revenue at $37.8 billion to $38 billion, raising the low end of the prior guidance from $37.7 billion. Analysts polled by FactSet expect $37.85 billion in full-year sales.

The company forecasts adjusted EPS of $9.98 to $10.03 this year, compared with $10.03 to $10.11 previously expected.

For the current quarter, Salesforce ( CRM ) projects adjusted EPS of $2.57 to $2.62 on revenue between $9.9 billion to $10.1 billion, which would reflect 7% to 9% year-over-year growth. The Street is projecting $10.05 billion in sales.