The verb exceed has 3 senses (first 3 from tagged texts)
1. (21) exceed, transcend, surpass -- (go beyond; "Their loyalty exceeds their national bonds")
2. (8) exceed, transcend, overstep, pass, go past, top -- (go beyond; "She exceeded our expectations"; "She topped her performance of last year")
3. (4) surpass, outstrip, outmatch, outgo, exceed, outdo, surmount, outperform -- (be or do something to a greater degree; "her performance surpasses that of any other student I know"; "She outdoes all other athletes"; "This exceeds all my expectations"; "This car outperforms all others in its class")