NEW YORK (TheStreet) -- Salesforce.com (CRM) and Oracle (ORCL) are up Thursday after Oracle topped earnings and revenue estimates. But TheStreet's Jim Cramer is focused elsewhere in "the cloud" -- Accenture (ACN) .
Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment Accenture had an "amazing quarter," beating EPS and revenue estimates. Shares are currently up nearly 5%.
Accenture ACN data by YCharts
To Cramer, there's "no way" the company could have topped estimates without strength in its European business. This is an important "tell" on the region and perhaps investors shouldn't be quite as negative on Europe, he concluded.
-- Written by Bret Kenwell