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SAS Records $2.31 Billion Revenue In 2009
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IDC ranks SAS India as the leader in Advanced Analytics.
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Saturday, February 06, 2010:
SAS, the leader in business analytics, achieved global revenue of US$2.31 billion in 2009, up 2.2 percent over 2008 results. Despite poor economic conditions, SAS maintained its unbroken chain of growth and profitability for 34 years since the company was founded. “Our continued growth in 2009 is further proof that investing in long-term relationships with customers and employees and maintaining a deep commitment to R&D pays,” said CEO Jim Goodnight. “We not only weathered the downturn, we came out ahead.”
Revenue from software sales alone jumped 3.3 percent at a time when software revenue of major vendors has been declining.
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SAS reinvested 23 percent of 2009 revenue in R&D and, as Goodnight promised a year ago, ended the year with no layoffs due to economic pressures, underscoring the company’s commitment to innovation and employees.
2009 results mirrored 2008 in that customers sought SAS solutions to grow revenue via maximizing effective customer relations and better managing operations and costs through risk management. Analytics, customer intelligence, data integration and risk management solutions grew the most.
In India, SAS has continued to dominate the Advanced Analytics market with more than 50 per cent market share which is twice that of its nearest competitor. Talking of this feat Mr. Sudipta Sen said “This shows the confidence organizations have in our ability to partner with them to solve their complex business issues.” “The growth of Business Analytics market in India proves the necessity for organizations to use Analytics as a strategic competitive differentiator.” added Mr. Sen.
SAS' growing network of alliance and channel partners played an integral role in 25 percent of new sales and half of the top 50 global deals. Of note are strategic initiatives including partnerships with leading business consultancies and systems integrators, expansion of in-database activities across multiple partner platforms, and a continued focus on building third-party channels.
Partnerships with global systems integrators such as Accenture, Capgemini, Deloitte, and Wipro Technologies offer customers the specialized resources and expertise to leverage SAS Business Analytics throughout the enterprise. As the enterprise software business landscape continues to change, SAS will continue to work with such companies to create innovative analytics-driven solutions and new delivery methods to meet our clients’ needs.
In addition, SAS continues to drive the momentum of in-database analytic innovation with technology partners such as Teradata and Netezza. SAS understands the importance of this computing shift and will continue to lead industry efforts in this area.
With economic recovery in many parts of the world off to a slow start, organizations will continue to focus on improving customer-centricity, enhancing top-line revenue growth, and optimizing their businesses in 2010. SAS will help by providing a business analytics framework that grows over time and enables quick, meaningful decisions, risk analysis and optimization solutions to save money, customer intelligence and marketing automation to grow revenue, and social network analysis to sniff out fraud and uncover terrorist threats as well as business opportunities.
“We live in a global economy,” said SAS Senior Vice President Jim Davis. “Not everyone is turning the corner at the same time. In 2010, we need to realize where the opportunities lie and how to approach those opportunities based on whether that particular region is seeing the light at the end of the tunnel.
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