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Revenue Growth Fuels High R&D Investment
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SAS has announced a 4.4% increase in revenue to US $1.18 billion, making 2002 the 26th consecutive
year of revenue growth. SAS president and CEO Jim Goodnight said, "While most software vendors were
slashing budgets and reducing their investment in R&D, we increased staff by six percent worldwide
and invested 25 percent of revenues into research and development - nearly twice the average
investment of large software companies."
These investments in R&D and staff resources mean SAS UK customers benefit from increasingly
powerful software and ever-more responsive technical support. Jim Goodnight said that the strong
2002 results "are the outcome of our efforts to package the application of our predictive analytics
to specific business needs, ensure data and applications integration through support for open
standards and direct access to an unrivalled number of data sources." He also stressed SAS'
commitment to "maintain strong relationships with our customer base."
SAS has proven once more that it has the strength, stability and vision to take customers to the
next level of information delivery and business analytics. "The demand for solutions that help
organisations cut costs, retain customers, and predict behaviours and outcomes is greater than
ever," said Jim Goodnight. "Only SAS offers analytic applications and solutions that deliver
fast payback and return on investment, and only SAS offers the scalability of analytics needed to
handle increasing data volumes."
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