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Updated with comments from PepsiCo's earnings call and comments from Jim Cramer and Jack Mohr.

Fresh off another better-than-expected quarter and amid speculation she may eventually pursue a role in politics, PepsiCo (PEP) - Get PepsiCo, Inc. Report Chairman and CEO Indra Nooyi assured investors she isn't going anywhere anytime soon.

"In the next several years, I see myself running PepsiCo," Nooyi said in response to an analyst's question on Thursday's earnings call. Nooyi remaining as PepsiCo CEO would be good news for investors. Since she became CEO of PepsiCo in October 2006, shares have gained 61% (compared to a 53% rise in the S&P 500) as Nooyi has bolstered product innovation efforts and cut costs. 

The latest example of Nooyi's prowess came on Thursday.

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PepsiCo reported that second-quarter adjusted earnings rose 6% from the prior year to $1.35 a share, easily beating Wall Street estimates of $1.30 a share. Net revenue fell 3.3% year over year to $15.4 billion, held back by a four percentage point hit due to volatile currency conditions. Analysts had expected revenue of $15.37 billion.

The company lifted its full-year earnings outlook to $4.71 a share from a previous outlook of $4.66. Revenue excluding the impact of currency fluctuations, which PepsiCo refers to as organic revenue, is still seen rising 4% on the year. 

"In what continues to be an incredibly volatile global macro environment, we are pleased with our results for the second quarter," said Nooyi in a statement. PepsiCo largely defied conventional thinking on current global economic conditions in each of its business segments.

Volume rose in all geographic regions except for North American beverages and Latin America, where it fell 1% and 2%, respectively, from the prior year. Operating profit, which continues to be boosted by PepsiCo's aggressive cost-cuts and raw material price deflation, increased 4% from a year ago on a constant currency basis. The profit performance was led by 11% and 8% gains for Quaker Foods North America and Frito-Lay North America, with the only region to deliver a decline being Latin America (-12%).  

"We applaud Pepsi's results in this tough environment and appreciate the company's consistency and confidence in raising full-year guidance," wrote Jim Cramer and Jack Mohr, who manage the Action Alerts PLUS portfolio, which owns Pepsi. "We continue to like PEP as a long-term investment, especially given its 2.8%+ yield, strong brand names, and reliability in a market starved for yield and safety."