Confidence And Hubris: Cramer Appreciative Of Oracle's Conference Call

CNBC's Jim Cramer, a conference call aficionado, explained on Thursday why investors should be encouraged by Oracle Corporation (NYSE: ORCL)'s conference call after its earnings report Wednesday.

There are two qualities Cramer appreciates on a conference call which are seldom found anymore: confidence and hubris. In Oracle's case, the confidence and hubris factor was "times ten" and certainly "deserving."

"These guys have pulled off the battleship that International Business Machines Corp. (NYSE: IBM) can't do yet," Cramer explained Thursday morning. "They actually went to the cloud with remarkable growth. The clients they racked up this quarter were amazing."

Cramer went on to highlight part of what Oracle's co-CEO Mark Hurd said which best demonstrates management's confidence.

"Our pipeline is big, yes," Hurd said during the call. "I mean how confident am I in more cloud bookings this year, extremely, put quotes around extremely, underline it. But that said I think we are going to have a terrific year in the context of terrific pipeline."

As for Oracle's other co-CEO, Safra Catz, she brings pure "joy" to shareholders and is vital in the stock re-rating higher.

Bottom line, Oracle's conference call was also "a victory lap call" and should mark the "first of a dynasty" and should consider playing "Ode to Joy."

At last check, shares of Oracle were up 8.59 percent at $50.31.

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