"I didn't expect it. I was using cockroach theory, which is when you have a bad quarter like the last one, the next one could be just as bad. They managed to be able to close some deals that they hadn't before. That said - I am not getting excited," Cramer said.
Despite the quarter, Cramer said, Oracle is not a buy at this time. He is not impressed by the company's cloud strategy, despite some recent acquisitions. "It's faux-cloud," Cramer said. He said he likes Oracle's tactics but is not going to endorse the company as a cloud company.
Cramer likes SAP (SAP - Get Report) better. SAP, he said, is getting embedded in a lot of places and maintains a good relationship with Apple (AAPL). "I really am a believer in SAP. It's been a remarkable stock, even though it's a German stock and the European market has been bad," Cramer said.
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