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