Jim Cramer (Host of Mad Money) 00:00.070
well it's very clear that this is the kind of quarter that we've been looking for fedex and the stock did run up in anticipation because i think people just understood that a lot of what you're doing the cost cutting programs the longer term really kind of like what you did with
Jim Cramer (Host of Mad Money) 00:13.470
healthcare which is obviously winning you are starting to win one by one in the verticals tell us where you are in terms of taking share from everybody else
Raj Subramaniam (President & CEO) 00:22.890
well i think first of all as you said you know we put in place a structural cost reduction program we took four billion dollars out in the last three years and we have a billion dollars target for this year and we are on track for that but
Raj Subramaniam (President & CEO) 00:33.850
i think the most important thing for this quarter was the revenue growth story and we are as you can imagine fedex is the heartbeat of the industrial economy that's the global network that we haven't put in place our focus is always on differentiation and providing new value for
Raj Subramaniam (President & CEO) 00:51.050
our customers so we
Raj Subramaniam (President & CEO) 00:52.630
are winning in key verticals whether it's healthcare whether it's aerospace whether it's defense and now the newly minted data center you know and the AI investments so this is a you know very strong quarter for us because we have been putting these plans in place for some time
Raj Subramaniam (President & CEO) 01:08.990
but now the team is really executing and i'm just really proud of that proud of our team
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