Governance, Risk & Compliance

Governance, Risk & Compliance

January 27, 2014

SAS Surpasses $3 Billion in 2013 Revenue

SAS (News - Alert) has announced that the company has achieved record business for the 38th straight year. This impressive achievement comes as companies in different industry verticals adopt various SAS products for their business needs. According to the company, SAS Visual Analytics has been the product that has been recently bringing along a lot of business.

SAS products are being used in various domains. For example, in the field of health, SAS provides cloud solutions that can be used against fraud and financial crimes. They can also be used to develop safe, effective new drugs. SAS has also been making its presence felt in the emerging field of Big Data, where its products help users to make sense of voluminous amounts of data.

The growth is not for SAS, but also for the companies that have been using SAS products. Companies that sold SAS products that stop fraud witnessed a 44 percent jump in sales of fraud prevention and security intelligence solutions. SAS Solutions on Demand, a cloud based offering, also registered an increase of 20 percent. Revenue for the company grew even in energy and utilities sectors by about 17 percent.

“Data is everywhere,” SAS Senior Vice President Jim 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.”

Achievements of SAS were recently recognized by The Forrester Wave Enterprise Business Intelligence Platforms, Q4 2013, Forrester (News - Alert) Research (News  - Alert), Inc., as the company stated that "SAS customers particularly praised its data integration, information delivery, technical architecture, analytics, operational capabilities, and corporate and product vision."

Edited by Cassandra Tucker

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