Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Font size:
Mar.07
6:58 PM ET

Salesforce.com [CRM  Loading...      ()   ] just may be the “last momentum stock standing,” Cramer said on Friday’s Mad Money.

The business software company presented a conundrum for Cramer a couple months ago when it was simultaneously upgraded and downgraded by two different analysts. Cramer said back then that the stock was a sell even though the company itself had a great thing going. He predicted it would beat earnings – and it did, big time.

So on Friday’s show, Cramer revisited CRM by speaking with CEO Marc Benioff, who reinforced his perception that this is one of the most well-run companies around.

Benioff spoke of his company’s new web-based business model that works on a pay-as-you-go subscription basis for customers – a far cry from the days of ordering business CD-ROMs through the mail and hoping they worked out.

Benioff said the company is sitting on over $1 billion in deferred revenue, which Cramer called “money in the bank” for CRM.

CRM’s customer base has been rapidly expanding and now services some of the biggest names in the financial services industry, including Aon [AOC  Loading...      ()   ], AIG [AIG  Loading...      ()   ] and Citigroup [C  Loading...      ()   ], which recently bought services for 30,000 users. As banks refocus on top line revenue growth more than ever, Benioff he said he expects their patronage will continue.

While CRM is too expensive a stock for Cramer – it trades at 170 times earnings – he did bless it for investors who want “momentum, growth and quality.”

Watch the video for Cramer’s extended interview with Benioff.



Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2008 CNBC, Inc. All Rights Reserved

Permalink: /id/23520287

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis