On Wednesday, the St. Petersburg, Fla., company posted fiscal first-quarter earnings of $106 million, or 51 cents per share, on revenue of $4.6 billion. Excluding one-time items, Jabil made 61 cents per share. Analysts polled by FactSet on average expected 56 cents per share on revenue of $4.4 billion.
Read More: Jabil Shares Up After 1Q Results Beat Street
"What's gratifying is that we put up our highest revenue number in what is really an otherwise lackluster demand environment," said Tim Main the CEO of Jabil Circuit on Mad Money.
Considering all the concerns about the economy, "those results were fabulous," added Cramer
And after his conversation with Tim Main the CEO of Jabil Circuit (which you can watch by clicking here) "Cramer added "I think the stock could have a lot more room to run."