SAS continued its unbroken chain of growth in 2008, logging global revenue of $2,26-billion, up 5,1% over 2007 results.
"We achieved our 33rd year of revenue growth in the worst economy most can remember," says CEO Jim Goodnight. "This growth is a direct result of being a stable privately-held company, which allows us to invest in long-term relationships with employees and customers."
SAS' strongest growth was in analytics, data mining and solutions that help organisations keep current customers and win new ones, manage risk and optimise processes.
Goodnight adds: "In tough times, companies focus on optimising their businesses."
Henry Morris, senior vice-president: worldwide software and service research at IDC, says: "IDC surveys of business intelligence software buyers during 2008 show that a vendor's economic viability is gaining in priority as a factor in software selection. SAS' long-term record of continued year-over-year growth positions it favourably, therefore, in this economic downturn."
SAS's risk management solutions were up 28% and optimisation software sales increased 18%. In addition, SAS saw strong sales growth in multiple industries, led by energy and utilities with a 27% increase, and capital markets, which jumped 15%. Total revenue from analytics and data mining rose more than 15%.
Double-digit increases were achieved in data integration solutions in life sciences and government, while revenue for analytics products exceeded 20% growth in the
healthcare and education industries.
Double-digit growth was also achieved in business intelligence applications in government, retail and life sciences, and more than 50% growth was achieved in customer intelligence solutions in insurance.
SAS gained 2 600 new customersaround the world in 2008. As in previous years, SAS revenue growth remained globally balanced, contributing to the company's stability. The Americas accounted for 43% of total revenue; Europe, Middle East and Africa (EMEA) 45%; and Asia Pacific 12%.
SAS reinvested 22% of its 2008 revenue in R&D and ended the year with 11 019 employees, up 3,5% from 2007.
SAS's growing network of alliance and channel partners played an integral role in 28% of sales and almost half of the top 50 global deals.