Dive Brief:

• Salesforce’s latest quarterly earnings beat analyst expectations, signaling that it remains a leader in the burgeoning Software-as-a-Service CRM market.

• The company saw 24% year-over-year growth in revenue.

• At this pace, Salesforce could become a $10 billion company — faster than Microsoft or Apple reached that mark.

Dive Insight:

Salesforce’s growth came from increases in its subscription and support revenues, which reached $1.52 billion — up 23% — as well as professional services and other revenues at $113 million — a 32% increase. And CEO Marc Benioff said he sees no end in sight.

"Salesforce has now blown past the $6.5 billion annual revenue run rate faster than any other enterprise software company, and we are once again raising our fiscal year 2016 revenue guidance to $6.625 billion at the high end of our range," Benioff said. "That puts us on pace to reach a $7 billion run rate later this year, and our goal is to be the fastest to reach $10 billion in annual revenue."