Cramer's 'Mad Money' Recap: Your 'In' on Outsourcers

And lately this business has been "booming" because businesses don't know what they're doing nowadays and, thus, find that they need to hire consultants, he said.

In the American team, Cramer said he considers Accenture a better buy than Electronic Data because not only is its consulting business "top notch" and not only does it have "record utilization levels," but it also has strong growth.

In fact, Accenture's growth increased to 12.9% from the 6.4% reported in the past quarter, which Cramer called "good margin expansion." Meanwhile, he said, Electronic Data's business process outsourcing bookings have been low.

Best of Breed

When management in the U.S. decides that its American employees cost too much, they call in large Indian outsourcing companies such as Infosys and Wipro to save money, Cramer said.

There is a growing market for consulting firms, and these two companies are starting to encroach on the American consulting turf, he said.

Cramer believes that Infosys has "some baked-in underpromise, overdeliver Indian-style potential." Also, the company has a low 77% utilization level, has another 10,000 hires coming out of training and is getting its China business on its feet, giving it "a recipe for better-than-expected" numbers, he said.

Plus, Infosys has a low 12% attrition rate, Cramer said. An outsourcing firm's attrition rate is one of the key metrics for such a company, he explained. It is a measure of how many people leave the company at a given time.

On the other hand, Wipro has a higher attrition rate, Cramer said. He told viewers to keep an eye on Wipro as it reports earnings Wednesday morning, but added that he likes Infosys better.