Now that the negative seasonality in tech is beginning to come near its end, it’s worth looking for high-quality technology companies to have on your radar, Cramer said Thursday. And one name on his list is the German software company SAP.
These days SAP is doing much more than consulting, he said. It offers mobility solutions, supply chain management and customer relationship management software.
“Yet the tech doldrums have reached all the way to Germany,” Cramer said. “The stock, down about a buck and a half today, sells at just a ridiculous historic low multiple, even lower than the great recession a few years ago, despite a string of six quarters of enviable growth.”
To find out more about SAP, he sat down with Co-CEO Bill McDermott. Watch the video to see the full interview.
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