Mad Money

Jeff Immelt running GE from his phone?

Agreement with Philips; big victory: Salesforce CEO
Agreement with Philips; big victory: Salesforce CEO

(Click for video linked to a searchable transcript of this Mad Money segment)

A top insider told Cramer this interesting tidbit about the GE chief.

"Jeff Immelt is running GE off his phone."

That's according to the always gregarious Marc Benioff, the chairman and CEO of

"We're working very closely with GE," Benioff revealed.

Speaking to Jim Cramer at his company's annual Dreamforce conference in California, Benioff explained that Immelt was using a new product called Salesforce1.

Essentially, it's a new service that allows any or all of Salesforce's 2,000 business applications to work on any device, including desktops, smartphones and tablets, he said.

"Jeff is an avid user," Benioff insisted. "Jeff says it's the number one piece of software he uses to run GE."

"It's the epitome of mobile," Cramer said. And if anyone is mobile, it's Jeff Immelt.

Salesforce CEO Marc Benioff (L) and General Electric CEO Jeff Immelt (R).
Getty Images

Because the potential of mobile spans so much more than holding up your phone to pay for coffee, the Mad Money host believes that companies that can leverage the trend are likely to profit substantially in the years ahead.

And few other companies are quite as aggressive and strategic and

Perhaps that's why stock has gained 54% year to date and a whopping 741% since Cramer first introduced the company on Mad Money in November of 2008.

The company's latest results released on Monday after the bell seem to confirm the advance.

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Quarterly revenue rose 36 percent to $1.08 billion or 9 cents per share in line with analysts' consensus, according to Thomson Reuters I/B/E/S.

" is the first enterprise cloud computing company to deliver a $1 billion quarter, with outstanding third quarter revenue growth at 36%," said Marc Benioff. "Given the strong customer response to our next generation social and mobile cloud technologies, I'm delighted to announce that we expect to deliver our first $5 billion year during our fiscal year 2015."

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