SAS 2013 Revenue Tops $3B on Analytics, BI Growth
Driven by analytics solutions, SAS revenues for 2013 topped $3 billion as the company helped customers sift through big data for business insights.SAS, a leading provider of business analytics software, announced that its 2013 revenue surpassed $3 billion, driven by business intelligence, data visualization and cloud solutions. 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.