SAS surpasses $3 billion in 2013 revenue
The growth reflects strong sales of SAS Visual Analytics, anti-fraud solutions (44%), cloud computing (20%), data management and certain industry-specific applications (16-18%). For every one of its 38 years, SAS has grown revenue and shown a profit.
Business analytics leader SAS in 2013 achieved its 38th straight year of record revenue - US$3.02 billion - as organizations embraced a range of SAS® solutions. Business intelligence revenue spiked on the popularity of SAS® Visual Analytics, new data visualization software that brings business threats and opportunities into sharp focus. Revenue growth was double-digit for cloud solutions that fight fraud and financial crimes, manage risk, improve customer relationships and help develop safe, effective new drugs. SAS solutions crunch big data to reveal to organizations what's working, what isn't, and profitable ways to do business.
Revenue Grows Across Regions, All Major Categories
Organizations looking to stop fraud fueled a 44 percent jump in sales of fraud prevention and security intelligence solutions. Revenue from cloud-based offerings, SAS® Solutions On Demand, jumped 20 percent as pharmaceutical companies prepared for an onslaught of new regulations, businesses sought to understand customer preferences and state and local governments worked to stamp out fraud. Revenue from all industries grew, including an 18 percent increase in the energy and utilities sector, 17 percent in health care and 16 percent in capital markets.