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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Intuit (INTU - Get Report) : In an exclusive "Executive Decision" segment, Cramer sat down with Brad Smith, chairman and CEO of Intuit, the tax and accounting software purveyor with shares that are up 6% since Cramer last checked in back in April.
Smith said the odds are stacked against small businesses, but studies show that if a small business uses an accountant they are far more likely to survive. That's why small business has become a mainstay at Intuit and why nearly two-thirds of its small business customers have embraced the cloud versions of Intuit software.
When asked about those small businesses that aren't doing their accounting in the cloud, Smith said that many are still using paper, pencils and a shoe box full of receipts.
No small business owner wants to be stuck doing accounting, they'd rather be working on their businesses. That's why Intuit does its best to make accounting disappear as much as possible, he said.
When asked about TurboTax, Intuit's other highly successful franchise, Smith said TurboTax now has 65% market share, with 70% of those accounts paying absolutely nothing to file their taxes. The strategy is simple, Smith explained: start the relationship early, for free, and when people get older and their taxes get more complicated, upsell into more robust products.
Cramer continued his recommendation of Intuit.
Workday (WDAY - Get Report) : In his second "Executive Decision" segment, Cramer sat down with Aneel Bhusri, co-founder and CEO of Workday, the cloud software provider with shares up 13% so far in 2016.
Bhusri touted his company's latest Workday Rising conference, which had over 7,000 attendees, as another milestone for his company. He said Workday introduced products at the conference and everyone was able to learn more about everything Workday has to offer.
One of those new products was a student administration system, which will help universities manage financial aid and help students schedule their classes from a mobile application. Between all of Workday's businesses, Bhusri estimates Workday's total addressable market at $65 billion.
When asked about what's driving his business, Bhusri said that after migrating from mainframes to a client server model, businesses are now migrating from servers to the cloud and that leaves a lot of room for Workday to grow.
Steele said individuals are under attack every day from cyber criminals. But with so many high-profile breaches in the news, many people are tired of hearing about it. Businesses, however, have prioritized security and have no choice but to make up for lost time.
Proofpoint helps companies stop impostors from executing phishing attacks that look like the real deal to unsuspecting customers. The company also partners with many of the major cybersecurity players.
Proofpoint can even help companies in the social media space, ensuring that posts and tweets from impostors are not going viral.
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