Salesforce.com Shares Increase on Strong Revenues and Q2 Guidance

Salesforce.com posted first quarter results after the closing bell which were higher than expected. The customer relationship management company's earnings were only a penny higher than analysts expected, but revenues outperformed at more than $1.2 billion, or an increase of 37 percent from a year ago. The stock is up more than 13-percent from a year ago and outpacing competitors like S-A-P and Oracle. In after-hours trading shares are up more than 2.5-percent on the back of its strong second quarter guidance, projecting a 35-percent increase in revenues.