SAS surpasses $3 billion in 2013 revenue, growing 5.2% over 2012 results
Strong growth logged in data visualization, business solutions, hosting, and business intelligence
Toronto, ON (23 Jan. 2014) – 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.
SAS continues to execute on its vision to turn data – wherever it's from, in whatever form – into priority-shifting insights. "Data is an asset of growing importance to organizations," said SAS CEO Jim Goodnight. "The amount of data pouring in is so vast, it's impossible to analyze quickly enough to make a difference in day-to-day decisions without a high-performance analytics infrastructure. Over the last two years we've delivered ground-breaking analytics technology that unlocks the value in all this data."
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.
SAS Canada achieved another successful year increasing software revenue by 6 per cent over 2012. In addition to strong financial results, the company was recognized for its exceptional workplace culture, being ranked No. 6 on The Great Place to Work Institute's Best Workplaces in Canada list. To support its ongoing growth, SAS will continue hiring for the 25th consecutive year, investing in talent in sales and services, increasing its workforce by more than 9% per cent across the country.
"Our year over year growth is a testament to our success in Canada as more and more Canadian companies are turning to SAS to realize the benefits of using analytics to deliver powerful business insights" said Carl Farrell, President of SAS Canada and Executive Vice President of SAS Americas. "Big data has become a reality of doing business, honing our expertise in Big Data technologies such as our industry-leading High-Performance Analytics and Visual Analytics solutions will be key drivers for 2014 in addition to continuing to invest in our core offerings across Analytics, Customer Intelligence, Fraud, Information Management and Risk."
SAS leads in analytics (per IDC and Forrester) and intends to stay out front, providing market-leading high- performance analytics and other solutions that help organizations of all sizes – from global enterprises to SMBs (small to medium businesses) – conduct analyses with ease.
SAS also anticipates continued growth this year in:
"The ability to inform intelligent actions via analytics is not a new idea," said Henry Morris, IDC’s Senior Vice President of Worldwide Software and Services Research. "Forward-thinking organizations have recognized this, and SAS, with its analytic applications and predictive technologies, has been a key enabler.
"Now that data volumes have reached or exceeded predicted levels, the opportunity, as well as the complexity, has increased. With 25 percent of 2013 revenue reinvested in research and development and leaders with a track record of anticipating what’s next, SAS is equipped to help organizations across geographies scour big data for fresh perspectives."
SAS Senior Vice President Jim Davis said that while not every business has big data, opportunities to grow business can hinge on how well it explores huge, publicly available data. "Data is everywhere," Davis said. "It's coming from sources like financial systems, sensors, Web traffic, wearable devices, social media platforms and open government databases. Low-cost storage and in-memory computing have converged to help organizations make proactive choices on many things, from marketing to product design.
"Organizations that are first to incorporate some of these open data sources into an existing analytical framework will have an edge over their competitors," added Davis. "More and more, SAS is the lens through which business leaders look at data so they can see what's coming and adjust course."
SAS ADDRESSES SKILLS SHORTAGE FUELED BY DEMAND FOR ANALYTICS
The need to solve complex business problems through analytics is intensifying demand for software and services. It has also created a vacuum of talent. A McKinsey Global Institute study projects up to 190,000 unfilled analytics positions in the US by 2018 and a shortage of 1.5 million managers and analysts skilled in big data. Research by Accenture projected that six major industries in seven countries would add 117,600 anaytics jobs by 2015. Only China is expected to have a talent surplus. The biggest shortfalls are anticipated in the US, Brazil and the UK.
SAS is focused on education to equip the 21st century workforce. SAS supports education through innovative products and services that improve teaching, learning and administration. In the U.S. alone, SAS supports 15 master’s degree and more than 50 certificate programs in analytics and related fields. New SAS education initiatives in 2014 will augment those programs to multiply talent.
"We're committed to building the next generation of data-savvy professionals," Goodnight said. "Anyone who wants a good-paying, recession-proof skill set should consider a career in analytics."