Providing software solutions since 1976
Providing software solutions since 1976
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SAS eyeing double-digit revenue growth in 2011Mumbai, India (Feb. 25, 2011) – Driven by growth in the analytics market in south Asia, especially India, leading business analytics software and services firm, SAS, is eyeing a double-digit growth in terms of percentage in its revenues in CY2011, a senior company official said today. "There is an exponential growth in the global business analytics market including India as large industries have realised the need for a methodology that will help forecast risk to meet increasing competition. We expect a double-digit percentage growth in revenues in CY11," the company's Executive Director Marketing and Alliances (Asia-Pacific) Don Cooper-Williams told PTI here. Last year (CY10), the company had clocked an around 5% increase in its revenues to $2.43-billion as compared to CY09. Companies have realised that they are unable to meet the competition by following the old methodology of transactions and by relying on the current infrastructure, he said. "Companies are now looking at customer compliance risks and the ability to forecast and apply analytics to their business to face increased competition," Cooper-Williams said. With sectors like telecom, financial services, manufacturing and health, among others, booming in India, there is a huge scope for growth of business analytics market here, the official said. "The growth in these sectors has been phenomenal over the past few years. Rise in business competitiveness and maturity of business in the country are some of the aspects that are fuelling growth of business analytics in India," he said. SAS has a 50% share in the business analytics market in India and a 26% share in the global market, he said adding that the company also plans to increase the number of offices in India. ABOUT SAS INDIA SAS has been in India since 1997 and has two wholly owned subsidiaries in the country: SAS Institute (India) Pvt. Ltd. and SAS Research & Development having a team of over 500 technology and domain experts. SAS India operations are headquartered in Mumbai with regional offices in Bangalore, New Delhi and Pune. SAS works with organizations across industries and offers them Business Analytics & Intelligence solutions to fuel innovation and meet their business objectives. Year on year SAS has been leading the Advanced Analytics market in India with majority market share. It has also been awarded as one of the best places to work for by the Great Places to Work institute. Information on SAS India operations can be found at www.sas.com.
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®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2011 SAS Institute Inc. All rights reserved.
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