CARY, N.C. (AP) - One of the world’s largest privately owned software companies says for the 40th straight year it’s pulled in more money than the previous year.
Cary-based SAS Institute Inc. said Tuesday its revenues were almost $3.2 billion in 2015. That was 2 percent more than 2014.
The company started by a pair of billionaire former North Carolina State University statisticians doesn’t report bottom-line profits. SAS reinvests a quarter of incoming revenue in ongoing research, about twice the industry average.
The company’s software helps analyze fraud and security threats for customers including Bank of America and government organizations including the Delaware State Police. Banks made up a quarter of the company’s software revenue last year. Government agencies make up about 15 percent.
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