A previous version of this story indicated that Salesforce has more than $10 billion in annual revenue. This is guidance for fiscal 2018, not actual results. TheStreet regrets this error.

As Salesforce (CRM) - Get Report CEO Marc Benioff continues to turn his cloud computing company into a full-fledged technology giant, investors have noticed over the past few years. In order to keep revenue growing though, the company has had to expand into different areas beyond just selling sales software.

"We estimate that Salesforce.com's customer relationship [total addressable market] (sales, service, marketing, and commerce solutions) was about $36 billion in 2016, and we forecast growth of 11-12% y/y over the next two years," Keith Bachman, analyst at BMO Capital Markets wrote ahead of earnings. "Furthermore, SaaS solutions represent more than half the TAM, which we forecast to grow by about 20% for next two years. We think salesforce.com is best-positioned to take advantage of this large and fast-growing market."

Salesforce has said it will eventually exceed $10 billion in revenue, expanding the company's business into new areas like marketing while being a pioneer in artificial intelligence. The company, ever acquisitive, also looked at buying Twitter (TWTR) - Get Report in 2016, before succumbing to investor pressure and walking away from a potential deal.

Analysts surveyed by Yahoo! Finance expect the company to earn an adjusted 26 cents a share on $2.35 billion in revenue for the period.

Over the past 12 months, shares of Salesforce have gained nearly 15%, compared to the near 11% gain in the S&P 500.

Here are five ETFs that may benefit if investors like Salesforce's first-quarter results.

iShares North American Tech-Software ETF

The $945.4 million iShares North American Tech-Software ETF   (IGV) - Get Report  has Salesforce make up 8.47% of its portfolio, charging investors an expense ratio of 0.48%.

Drexel Hamilton analyst Brian White, who rates Salesforce shares buy, highlighted the new partnerships the company forged during the quarter.

"In March, IBM and Salesforce announced a global strategic partnership focused on artificial intelligence (AI) with IBM's Watson and Salesforce's Einstein," White wrote. He added that "Salesforce announced the integration of Service Cloud Einstein with Amazon Connect, expanding the global strategic alliance between Salesforce and AWS."

White has a $100 price target on shares.

First Trust ISE Cloud Computing Index Fund

The $864.3 million First Trust ISE Cloud Computing Index Fund (SKYY) - Get Report  has Salesforce make up 5.05% of its portfolio, charging investors an expense ratio of 0.60%.

BMO's Bachman noted that Salesforce has a huge opportunity to cross-sell its different products, given its recent acquisitions.

"Nearly every salesforce.com partner we spoke with discussed how Service Cloud was their highest-growth business," Bachman wrote. "We believe there is upside tension to our Service Cloud estimates. Service Cloud represents about 30% of revenue, and we forecast 23% growth for the segment in FY2018."

BMO has a $100 price target on shares.

First Trust Dow Jones Internet Index Fund

The $4.38 billion First Trust Dow Jones Internet Index Fund (FDN) - Get Report  has Salesforce make up 4.87% of its portfolio, charging investors an expense ratio of 0.54%.

Benchmark analyst Yun Kim noted that momentum is likely to remain strong, especially in the enterprise part of the business.

"We continue to see increasing traction with large global SIs, which is translating into larger, strategic deals for the company," Kim wrote to investors. Benchmark has an overweight rating and a $110 price target. 

SPDR Morgan Stanley Technology ETF

The $702.6 million SPDR Morgan Stanley Technology ETF (MTK)  has Salesforce make up 3.07% of its portfolio, charging investors an expense ratio of 0.35%.

Morningstar Wide Moat Focus Total Return Index ETF

The $19.3 million Morningstar Wide Moat Focus Total Return Index ETF (WMW) - Get Report  has Salesforce make up 2.79% of its portfolio, charging investors an expense ratio of 0.75%.