Tag Archives: Enterprise
Cramer’s Mad Money – Salesforce Is The Facebook For Enterprise (5/17/12)
By SA Editor Miriam Metzinger:
Stocks discussed on the in-depth session of Jim Cramer’s Mad Money TV Program, Thursday May 17.
CEO Interview: Marc Benioff, Salesforce.com (CRM). Other stocks mentioned: Facebook (FB), Vodafone (VOD)
Cramer called Salesforce.com (CRM) the “Facebook for Enterprise,” and it has the best growth of any tech stock. The company reported a quarter that beat numbers on every metric, with a 38% increase in revenue and operating cash flow up 53% year over year. While Europe seems to be the root of many companies’ evils, CEO Marc Benioff said that business was strong in Europe, particularly the U.K. where it completed a deal with the Royal Mail post office and Vodafone (VOD). Japan was also strong. Salesforce.com is a revolutionary tech company that pioneered cloud computing. Benioff discussed another revolutionary company, Facebook, and believes there is very strong fundamental growth ahead for FB; “We’ve never had an application like this. It

