Jim Cramer: Salesforce CEO Should Take a Bow

NEW YORK ( Real Money) --Encores are tough in this business. Like the encore that we are supposed to give Salesforce.com ( CRM) after it delivers a picture-perfect quarter and raises guidance by $100 million in revenue -- the most I have ever seen it do. Encores on top of 20% gains for the year are not easily handed out. Encores for a 3% gain caused on the day the company reports by a fantastic number from partner Workday ( WDAY), which was up more than 15% on an electric quarter, are impossible.

And that's the impossible position that CEO Marc Benioff and Salesforce find themselves in despite all of the price target bumps and the huzzahs, worthy huzzahs, the company's stock is getting today.

You don't need me to, once again, reiterate my Salesforce.com buy. I have been doing that since 2008 on every single dip. People say I am a permabull on Salesforce.com, that I am "in love" with the company and I think that Salesforce can do no wrong.


WATCH: Jim Cramer: Salesforce.com Is a 'Great Opportunity'

I come back and say I am, indeed, fond of companies that have consistent 35% revenue growth that were $480 million in sales for a year when I first talked to them and now have more than $4.8 billion in sales for a similar 365-day period. I think revenue growth is a good measure of a company's worth because when you invest and execute in the social, mobile, cloud and connectivity space, you are doing what Microsoft (MSFT) did back in 1985. And while Salesforce.com is hardly a monopoly, it is certainly powering the next generation of information technology by empowering your handheld to be your personal, social and mobile mainframe based in the cloud.

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