Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer looked at. Cramer noted the company’s “tremendous quarter,” as he commented:

So last night we got this tremendous quarter from Oracle that allowed the stock to pop 9% today, even as the market rolled over, and that was a very pleasant surprise… Oracle shot the lights out. Not only did they deliver a sizable top-line beat with 22% revenue growth, but every division posted better than expected sales except for hardware, which is their smallest unit… For at least the next 10 months, we won’t have to worry about the company piling one more debt to pay for its AI data center buildout. That’s a very big win… Hey, speaking of the backlog, Oracle mentioned that most of the increase in their remaining forms of obligation, their bookings, was “related to large scale AI contracts where Oracle does not expect to have to raise any incremental funds to support these contracts as most of the equipment needed is either funded upfront via customer prepayments so Oracle can purchase the GPUs, or the customer buys the GPUs and supplies them to Oracle”… I really like the flexibility of it…

Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations.

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