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Friday, January 27, 2012

SAS Achieves 12 % Growth to Revenue Record of RM8.7 Billion

SAS, the leader in business analytics software and services, achieved record global revenues of USD2.725 billion (or RM8.7 billion) last year. SAS marked double-digit growth in its 36th profitable year as organizations sought more advanced analytics solutions to uncover business opportunity in their own burgeoning data stores in the current ‘Big Data’ phenomenon.

The Americas accounted for 46 percent of total revenue; Europe, Middle East and Africa (EMEA) 42 percent; and Asia Pacific 12 percent. SAS growth was strong across the board in all major regions and countries, even in regions hardest hit economically.

SAS’ CEO, Jim Goodnight shares that SAS’ revenue surged across all solution and industry categories:-
  • Software to detect fraud saw a triple-digit jump,
  • Analytics and information management solutions grew double digit
  • On-demand solutions’ revenue grew almost 50 percent.
He also highlights the continued strong growth in financial services, government, health care and life sciences.

Worldwide organizations that purchased or further invested in SAS’ BA solution this year include: Philippine National Bank (Philippine), Resorts World Sentosa (Singapore), Westpac (Australia), DBS Bank (Singapore) and more.

Globally, SAS dominates minimum two major IT growth areas that identified by research firm Gartner Advisory Singapore -Next Generation Analytics and In-memory Data Analytics (Powered by high performance computing).

SAS’ Business in Malaysia: Latest

In Malaysia, SAS’ annual new software revenue grew over 21% in 2011, mainly driven by the demand for analytics for customer intelligence, data management, combating fraud and to mitigate risk.

Andrew Tan, Managing Director of SAS Malaysia says, “This is mainly driven by sales growth in the financial services industry of 31.2%.”

In 2011, SAS Malaysia recorded total software revenues of over RM36 million inclusive of new analytics software sales from Malaysia Building Society Berhad, UMobile, and Columbia Asia Hospital, Takaful Ikhas, Department of Statistics Malaysia, Pos Malaysia and more. Currently, the company has over 150 corporate clients across sectors in Malaysia that use SAS analytics solutions.

Tan shares. “The market is changing rapidly. More and more companies are looking to analytics to give them visibility and clarity on the vast information that runs through their business, to make more cost effective decisions.

“In Malaysia, we have also started to serve the very specific analytics needs of the Oil & Gas industry; helping companies to predict and prevent machinery failure.”  

Expanding Workforce to Accommodate Analytics Demands

In conjunction, SAS announces its latest ranking of No.3 on the FORTUNE's Best Companies to Work For list in the U.S.

In 2011, SAS grew staff 9.2 percent and reinvested 24 percent of revenue into research and development.

In Malaysia, SAS plans to expand its current workforce to accommodate the growing demand for business analytics from across industries of Telecommunication, Financial Services, Retail, Commercial, Government and Oil & Gas.

The company expects its existing workforce to grow by 32% by mid 2012, focusing its investments in a larger sales workforce, solution architects and analytics advisory capabilities with experience and exposure in the areas of Risk Intelligence, Information Management and Customer Intelligence.

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