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Cramer: This Company King of Cloud

Thursday, 23 May 2013 | 6:26 PM ET
Salesforce.com CEO: Japanese Are Our Largest Customer
Thursday, 23 May 2013 | 6:25 PM ET
Salesforce.com just reported better than expected revenues. Its CEO Marc Benioff tells Mad Money's Jim Cramer about the quarter, and its business with Japanese customers.

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If you missed getting a piece of the ChannelAdvisor IPO, don't worry. Cramer has another idea for you.

"If you couldn't score a piece of that deal, why not consider Salesforece.com, the original cloud-based software company," said the Mad Money host.

Shares of the software maker sold off 6% in extended trade after the company issued a forecast that left the Street underwhelmed.

And that's the kind of sell-off that Cramer is always watching for.

If a company has solid business fundamentals, the Mad Money host is often a buyer of weakness. And the latest results suggest fundamentals at Salesforce.com are solid.

After the bell, Salesforce.com posted fiscal first-quarter revenue of $893 million, up 28 percent from the year before. And it said revenue in the current quarter would be in the range of $931 million to $936 million. The company also said demand for its cloud-based business software grew despite the shaky economy.

DENIS-HUOT Michel | hemis.fr | Getty Images

But it's not just the relatively impressive earnings that Cramer thinks warrant attention.

He also believes in management - another criteria he applies when determining whether to buy a sell-off. "This company and its visionary CEO, Marc Benioff, understand the current tech environment perhaps better than anyone else out there," he said.

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In fact, Cramer believes Salesforce.com is nothing less than a best of breed play.

"I consider Salesforce to be the king of the cloud," Cramer said. "It's a game-changing enterprise software play that helps companies build deep relationships with their customers in a world where mobile and social media have transformed the digital landscape."

"I think there's a lot more to the stock than the forecast," said Cramer. "I remain a Salesfore.com bull."

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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