SINGAPORE, 6 FEBRUARY 2009 – Business analytics company SAS has reported continued growth in 2008. It has logged global revenue of US$2.26 billion, up 5.1 per cent over 2007 results.
“We achieved our 33rd-year of revenue growth in the worst economy most can remember,” said CEO Jim Goodnight. “This growth is a direct result of being a stable, privately held company, which allows us to invest in long-term relationships with employees and customers.”
8.5 per cent growth in AP
The analytics company also said its Asia Pacific division recorded 8.5 per cent growth in 2008 from 2007. Despite the economic downturn, 363 new customers signed up to SAS, with many deals in excess of US$1million, it said.
“SAS continued to see strong growth from the Banking and Financial Services Industry (BFSI) and even stronger growth from the public sector,” said Bill Lee, managing director, Singapore & Emerging Markets, SAS. “Our successful strategy continues to be based on listening to our customers, exceeding delivery and ROI expectations.”
SAS expertise sought
SAS said that customers turned to SAS’ market-leading business analytics to derive money-saving and money-making insights in these times of financial crunch. Risk management solutions were up 28 per cent, and optimisation software sales increased 18 per cent, the company revealed.
The company saw strong sales growth in multiple industries, led by energy and utilities with a 27 per cent increase, and capital markets, which jumped 15 per cent. The company also reported double-digit increases in data integration solutions in life sciences and government. Other growth areas included insurance, healthcare, and education industries.
