Salesforce has revealed third-quarter revenues of $1.38bn with a reduction in losses, but its share price had dropped by four percent when the markets closed on Wednesday.
The results show a hike in revenue of 29 percent, with earnings per share of $0.14, beating analyst expectations by one cent.
However, the Salesforce share price dropped from $61.02 to $58.55 per share, indicating that investors were not overly impressed with the firm's financial performance.
The revenue growth was driven by repeat subscriptions for the firm's cloud-powered customer relationship management platforms, generating $1.29bn and making up the lion's share of quarterly revenue.
Salesforce's professional services generated the rest of the revenue, bringing in $95m, an increase of 33 percent year on year.
The company is still operating at a loss, but this is down to $39m compared with $61m in the previous quarter.
Cash flow from operations was less healthy at $123m, a decrease of 11 percent year on year.
Salesforce predicts revenue for its fourth quarter to rise to $1.44bn, a year-on-year increase of 26 percent.
Marc Benioff, Salesforce chief executive, forecast a positive end to the company's financial year.
"Given the tremendous response to our Customer Success Platform, I'm delighted to announce a fiscal 2016 revenue projection of $6.5bn at the high end of the range," he said.
However, despite Benioff's positive outlook, the predicted revenue figure translates into growth of 21 percent year on year.
This represents a fall when compared with the 32 percent growth predicted for the 2015 full fiscal year, and translates into revenue increasing to $5.37bn.
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