The CEO said the company's business "is going fantastically" and the core software business at the cloud computing company is up 20%.
Cramer said Red Hat is buying companies and investing in them and you have to do that in order to maintain both your growth rate and the price-earnings multiple. He doesn't understand what the analysts want Red Hat to do.
Whitehurst said the company missed its earnings forecast by 1 cent due to costs associated with closing the deal on recent buys. That represented 100% of the miss. "We continue to have solid operating margins, and cash flow from operations grew 35% year over year," he said.
Whitehurst said last year's Gluster acquisition is expected to add to revenue and billings next year.
Red Hat is taking on large strategic companies, the CEO said.
Cramer said what Red Hat is doing is building the business "and that's what we want." Red Hat can hold up under close scrutiny, Cramer said.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer took another look at Apple vs. Google and refuted those who listened to him Monday and thinks he likes Google better.
He said that good trading, like investing, is a matter of where you make your entry point. You simply don't want that first buy to be too high or feel like you're going out on a big limb, Cramer told viewers.
He said people missed the point when he said Monday that Google might have been a better buy than Apple. It's not a matter of liking Google better or whether he will sell Apple, he explained, it's just a matter of which offers a more attractive entry point at this moment.
While Apple is still riding the wave of its iPhone 5 release, Google investors seem to be getting their groove back, he said. He likes both stocks and considers them cheap.
But "This isn't politics," he said, "this is investing. I'm not trying to get elected. I'm not even trying to make friends. My goal is and always has been to try to get you to make as much money as possible."
So he advises investors to keep your eye on Apple as it pulls back. In the meantime, Google right now is signaling "buy."
--Written by Anthony Buccino in New York for