Salesforce.com Inc. (NYSE: CRM) reported first quarter 2015 results after the markets closed Tuesday. The customer relationship management software company posted adjusted diluted earnings per share (EPS) of $0.11 on revenues of $1.23 billion. In the first quarter of 2014, Salesforce.com reported EPS of $0.10 on revenues of $892.63 million. The Thomson Reuters estimates for the first quarter called for EPS of $0.10 and $1.21 billion in revenue.

On a GAAP basis, the company posted an EPS loss of $0.16 which include $131 million in stock-based compensation, $11 million in non-cash interest expense, and $9 million related to a loss on conversion of certain senior notes.

The company guided second quarter revenues to a range of $1.285 to $1.29 billion, an increase of 34% to 35% above the second quarter a year ago. GAAP loss per share is estimated in a range of $0.47 to $0.49 and adjusted EPS is estimated at $0.11 to $0.12. The consensus estimates call for EPS of $0.12 on revenues of $1.27 billion.

For the full 2015 fiscal year Salesforce.com estimates a GAAP loss of $0.47 to $0.49 and adjusted EPS of $0.49 to $0.51 on revenues of $5.3 to $5.34 billion. The consensus estimate calls for EPS of $0.50 on revenues of $5.29 billion.

The company’s CEO said:

Salesforce.com had a strong start to its fiscal year. We delivered 37% year-over-year growth in revenue, and 67% year-over-year growth in operating cash flow in the first quarter. Salesforce.com continues to be the #1 CRM platform, and is the fastest growing top ten software company in the world.

Perhaps CEO Marc Benioff is allowed to crow a little bit. The company has added nearly 4,000 employees in the past 12 months and almost $400 million in revenue. That’s over $86,000 in revenue per employee at the end of the quarter, roughly the same as a year ago.

Shares closed at $52.89 today and rose 0.8% in after-hours trading to $53.36 in a 52-week range of $36.09 to $67.00. Thomson Reuters had a consensus analyst price target of around $70.10 before today’s report.

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