Bhusri explained that since Workday holds "such a dominant share" in the HR space, many times when an acquisition occurs, if the acquirer or the company being acquired uses Workday, the joint company will become a customer as well. He confirmed that right now the company is assisting Dow Chemical, which was recently acquired by DuPont, with strategic moves.
In its earnings report for the quarter ended Jan. 31, Workday reported 7-cents earnings per share (vs. a loss of $0.01 per share a year ago), on revenue of $437 million (up 35% from the year-ago quarter's figure of $323 million). Analysts were expecting a loss of 1-cent per share, and the stock dropped about 3 percent after hours.
Bhusri explained Workday had a slow October and November, and then business bounced back quickly in December and January. The company also picked up new customer wins such as Wal-Mart, Amazon and Deutsche Bank in Germany.
With Amazon set to create more than 100,000 jobs in the U.S. in the next year and a half, Bhusri expects Workday expects help bring on the new employees at Amazon once the platform goes live in 12 to 15 months.
Workday is a provider of cloud-based applications for human capital management, financial management, payroll, time tracking and employee expense management.
Correction: This story was updated to reflect that Workday reported 7-cents earnings per share for the fourth quarter.
Oracle did not immediately respond to CNBC's request for comment.
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