Jim Cramer Was Full Of Praise For Oracle Corporation (ORCL) Founder Larry Ellison Ahead Of Historic Earnings

We recently published 13 Stocks Jim Cramer Discussed During His Historic Morning Appearance. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently discussed.

Oracle Corporation (NYSE:ORCL)’s shares might have made history during aftermarket trading yesterday after the firm’s fiscal first-quarter earnings report. The stock jumped by a whopping 33% to leave media and analysts stunned. The stock soared after Oracle Corporation (NYSE:ORCL) revealed that its remaining contract obligations had jumped by an unfathomable 359% to $455 billion during the quarter. Here is what Cramer said about the firm before the earnings report:

“[On upcoming earnings] Yeah I mean people are talking about, BMO talks about the idea that margins could come under pressure. I mean the stock obviously outran so many of the people’s price targets. Safra Catz, congratulations, did a great job. Larry Ellison. But Larry Ellison came out, I remember when the stock was at 111 he said we are going to build this, we are going to do this, we’re going to do this, we’re going to do this. And, he did everything and now people are saying wait a second, now they don’t have the balance sheet. Once again, David I think you’re right. There’s money.”

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Disclosure: None. This article is originally published at Insider Monkey.