Jim Cramer -- Salesforce's Continuing Growth Making SAP, Oracle Nervous

Jim Cramer says Salesforce.com continues to generate impressive sales growth at the expense of Oracle and SAP.
By Bret Kenwell ,

Shares of Salesforce.com (CRM) - Get Report are up 5.3% on Thursday after the company topped earnings and revenue expectations

CEO Marc Benioff has proved that he can continue to blow the numbers away, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" TV show. 

The company's higher-than-expected guidance for both the fourth quarter and next fiscal year highlight that point, Cramer said, adding that Salesforce is one of the fastest-growing software enterprise companies. 


Salesforce CRM data by YCharts

So if Salesforce is doing so well, who's losing out? Cramer referenced a line from Benioff on the conference call, who said that the "companies who have been cloud-deniers, like SAP (SAP) - Get Report and Oracle (ORCL) - Get Report , are paying a horrible price in single-digit and negative growth, because companies are not buying their products." 

However, Cramer noted that Benioff had positive things to say about Amazon (AMZN) - Get Report , Alphabet  (GOOGL) - Get Report and Microsoft (MSFT) - Get Report

Management teams at SAP and and Oracle will not be happy to hear these comments, Cramer said, adding that Benioff may have "ignited a war." 

At the time of publication, Cramer's Action Alerts PLUS had a long position in GOOGL.

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