TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said Oracle (ORCL - Get Report) had "a monster quarter" thanks to an explosion of growth in the cloud.

Co-founder and chairman Larry Ellison is a fierce competitor, Cramer added, trash talking competitors (CRM - Get Report) , Amazon (AMZN - Get Report) , Microsoft (MSFT - Get Report) and Workday (WDAY - Get Report) . 

"This is a company that just refuses to play dead," he said of Oracle. "Their cloud business is on fire." He predicts investors could see an "explosion in earnings" in the future. 

Considering other cloud companies have also reported strong results, Cramer said that rather than having one or two big winners in the space, "maybe there's room for everybody, because the cloud is so revolutionary."  

He pointed out that some analysts don't seem up to date, such as those at JMP Securities who have an underperform rating on Oracle, or at JPMorgan, who have an underweight rating. "Give me a break," Cramer said.


At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.