SAS revenue jumps 5.2 percent to record $2.43 billion
Business analytics sales leaps 26 percent as organizations seek to gain an edge in a challenging economy
Toronto, ON (21 Jan. 2011) – SAS, the leader in business analytics, achieved record global revenue of US$2.43 billion in 2010, up 5.2 percent over 2009 results. In the business analytics category, revenue surged 26 percent.
In Canada, SAS recorded nine per cent year-over-year growth in total operating revenue in addition to a 10 per cent increase in total software sales. SAS Canada's year-over-year performance was strongly supported by approximately 35 per cent new sales growth in federal government accounts which turned to SAS for fraud, performance management, reporting and analytics solutions. In response to this growth, SAS Canada also announced that it is adding approximately 25 new positions in 2011, increasing its employee base by ten per cent.
SAS CEO Jim Goodnight attributed growth to the recognition that the current explosion of data can be analyzed to provide insights never before possible. "Analytics is used in virtually every industry and branch of government," Goodnight said. "The predictive power of analytics can make a difference by helping you see further into the distance so you can make adjustments faster and with more confidence. We've experienced 35 years of unbroken revenue growth and high customer loyalty because our customers get value from our software and trust the results."
"More and more Canadian companies are realizing the benefits of using analytics to solve their business challenges; our continued growth is proof of this," said Carl Farrell, President SAS Canada.
"Our success is driven by our commitment to solving our customers' most complex business challenges with our industry leading analytics solutions. Today's announcement to increase our employee base by a record 10 per cent is a reflection of our continued growth and will help us maintain the strong customer loyalty SAS is known for."
As it has done for decades, SAS reinvested substantial revenue – 24 per cent – back into research and development.
"We started 2010 with a No. 1 US ranking on FORTUNE's Best Companies to Work For list, and we've kicked off 2011 at No.1 again," Goodnight said. "These rankings show that we're serious about helping employees balance work and personal lives so that they can focus on delivering the high-quality software and service our customers expect. Engaged, talented employees are vital to a knowledge-based company like SAS. They keep our offerings on the cutting edge."
"The long-term effects of the economic downturn still aren't known," said SAS Senior Vice President Jim Davis, "but I feel confident about the future based on our revenue results this year and conversations we've had with customers in every industry about improving their business processes with analytics."
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world The Power to Know® The Canadian subsidiary of SAS has been in operation for 22 years. Headquartered in Toronto, SAS employs 263 people across the country at its Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Ottawa, Quebec City and Montréal offices. www.sas.com/canada
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