Salesforce.com Shares Increase on Strong Revenues and Q2 Guidance
Shares of Salesforce.com are up more than 2.5-percent on the back of its strong second quarter guidance, projecting a 35-percent increase in revenues.
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.
