SAS officials said 2013 marked the 38th consecutive year the company has increased revenue, marching to a record of $3.02 billion for the year. SAS is consistently at the top of analyst rankings–such as IDC and Forrester--of analytics software providers, competing with the likes of IBM and others.
Last year, SAS’ business intelligence revenue spiked on the popularity of SAS Visual Analytics, the company's 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 insights to businesses.
“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, in a statement. “Forward-thinking organizations have recognized this, and SAS, with its analytic applications and predictive technologies, has been a key enabler. 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.”
Organizations looking to stop fraud fueled a 44 percent jump in sales of fraud prevention and security intelligence solutions, SAS officials said. Revenue from cloud-based offerings, SAS solutions on demand, jumped 20 percent as pharmaceutical companies prepared for 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, the company said.
“Data is an asset of growing importance to organizations,” said SAS CEO Jim Goodnight, in a statement. “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.”
For this year, SAS anticipates continued growth from its data management, data visualization, industry-specific solutions and SAS Solutions On Demand offerings. The SAS data management offerings are useful for organizations that are struggling to prepare huge amounts of data for analysis. SAS works closely with partners and customers to help data scientists, business analysts and executives transform big data into knowledge and bottom-line results using technology such as Hadoop.