Salesforce.com Pops on Q2 Earnings Results

Shares of Salesforce.com CRM are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 1.83%, trading at $116.15; they ended the regular session lower by 9.70%, at $114.06. Salesforce.com reported Q2 EPS of $0.34 on revenues of $546 million. Revenues increased 38.6% year over year. Non-GAAP results include a one-time charge of $0.04 per diluted share associated with the legal settlement disclosed in the Form 8-K filed on June 15, 2011. "We're expecting over 40,000 people to register for Dreamforce which takes place in San Francisco later this month. It's the cloud event of the year where attendees can learn how to supercharge their relationships with employees and customers using social, mobile and open cloud technologies," said Marc Benioff, Chairman and CEO, salesforce.com. "We hope to see you there." Salesforce.com, Inc. is a provider of enterprise cloud computing applications. The company provides a customer and collaboration relationship management, service to businesses of all sizes and industries worldwide and provides a technology platform for customers and developers to build and run business applications.