SAS surpasses $3 billion in 2013 Revenue

Business analytics leader SAS has announced that it has achieved its 38th straight year of record revenue - US$3.02 billion in 2013. Business intelligence revenue spiked on the popularity of SAS Visual Analytics, new data visualization software that brings business threats and opportunities into sharp focus. In the year 2013, revenue growth was double-digit for cloud solutions. 

Revenue from cloud-based offerings, SAS Solutions on Demand, jumped 20 per cent as pharmaceutical companies prepared for an onslaught of 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. 

"In 2013, we saw organisations across Indian industries, embracing analytics to drive a culture of data-driven decision making. Going forward, we foresee that more and more organisations will continue to leverage analytics, self-service business intelligence and data management solutions to drive breakthrough business benefits," said Sudipta K. Sen, Regional Director - South East Asia, Vice Chairman and Member of Board, SAS Institute (India). 

Additionally, with 25 per cent of 2013 revenue reinvested in research and development, SAS has announced to help organisations across geographies scour big data for fresh perspectives.