But Concur has big plans, Singh noted, and is investing heavily into its platform to integrate many travel-related services and improve the traveling experience for business travelers. Wouldn't it be great, he posited, if notice of your flight delay was automatically relayed to your taxi, hotel and the rest of your itinerary? That's what Concur is aiming to build with its many partners.
Cramer said Concur is an excellent example of what the cloud has to offer, which is why this stock is not expensive if you look at the out years beyond 2014.
Cramer's Report Card
With the Dow Jones Industrial Average down nearly 4% for the year, Cramer thought it was a good time to offer up a report card for all 30 of the Dow stocks to see which ones are making the grade and which ones are failing towards summer school.
Among the "A" stocks were nine companies including JPMorgan Chase (JPM), American Express (AXP), DuPont (DD), Caterpillar (CAT), Microsoft (MSFT), United Technologies (UTX), Procter & Gamble (PG), Pfizer (PFE) and Visa (V).
Finally, the lone "D" student among the Dow, IBM (IBM), a stock Cramer said has little going for it and is not a keeper.
In the Lightning Round, Cramer was bullish on Seagate Technology (STX), Ciena (CIEN), Wynn Resorts (WYNN), Las Vegas Sands (LVS), TherapeuticsMD (TXMD), Gogo (GOGO), Vale (VALE) and Acadia Pharmaceuticals (ACAD).
Cramer was bearish on Archer-Daniels-Midland (ADM), Nimble Storage (NMBL), Applied Micro Circuits (AMCC), Boyd Gaming (BYD), Altria (MO), iShares FTSE China 25 (FXI) and Cliffs Natural Resources (CLF).