SAS achieves record revenue of $2.87bn in 2012, up by 5.4% over 2011
- United Arab Emirates: Thursday, February 14 - 2013 at 17:06
- PRESS RELEASE
SAS, the leading provider of business analytics software and services, achieved record global revenue of $2.87bn in 2012. Dubbed big data analytics 'powerhouse' by an independent research firm, SAS spent 2012 as it has the previous 36 profitable years; helping customers make precise, proactive, breakthrough decisions.
"When high-performance analytics can solve the world's toughest business problems thousands of times faster, there's no limit to what organizations can achieve," he added.
SAS' 2012 predictive analytics offerings have momentum across industries and customer segments. SAS Visual Analytics, particularly well received and lauded by analysts in July, August and earlier this month, is a new way to explore large amounts of data in an instant.
2012 was also a banner year for workplace culture recognition. Great Place to Work named SAS No. 1 on its World's Best Multinational Workplaces list, capping a year in which SAS Belgium and SAS Sweden were also No. 1 on their countries' Best Companies to Work For lists. SAS, which has been ranked as one of Fortune's Best Companies to Work For in the US every year since the list's 1998 inception, was a top workplace in 17 other countries.
"The link is solid between SAS' financial performance and treating employees and customers well. When people feel trusted, the results are phenomenal. It's reflected in our commitment to innovation. It's deeply gratifying that we've created a great place to work, not just in the United States, but also worldwide," said Goodnight.
Demonstrating steadfast commitment to innovation and customer service, SAS reinvested 25% of 2012 revenue into research and development. Altogether, SAS increased its workforce by seven%, ending 2012 with 13,442 employees worldwide.
Revenue grew worldwide despite continuing economic uncertainty in some regions. The Americas generated 47% of SAS' total revenue; Europe, Middle East and Africa (EMEA) 41% and Asia Pacific 12%. In SAS' traditionally strong categories, such as analytics and business intelligence, increases outpaced the overall growth rate. Customer intelligence, fraud detection, risk management, and supply chain posted double-digit growth.
SAS Solutions OnDemand revenue jumped 15%, indicating customers' trust in software-as-a-service (SaaS) and enterprise hosting solutions from SAS. Revenue in the communications, education, energy and utilities, financial services, health care, hospitality and travel, life sciences, manufacturing, public security and retail industries all grew.
SAS helps organizations everywhere harness data to provide insights that improve lives and business results. For example:
•Bank of America's Corporate Investment Group reduced the time required to process risk models, loan scores and loss forecasts, allowing more time to pursue new growth opportunities.
•Blue Cross and Blue Shield of North Carolina help hospitals identify and intervene with patients most likely to be readmitted.
•Singapore banking giant DBS spares 350,000 customers yearly the hassle of empty ATMs by understanding transaction patterns for each of its 1,350 ATMs.
•DSW knows which shoes to stock in specific locations to avoid stock-outs and markdowns, keeping customers satisfied and profits looking good.
•eBay's Dutch operation uses predictive analytics to improve every aspect of the user experience.
•The Hong Kong Efficiency Unit turns complaints into smart strategies that boost public satisfaction and improve citizens' quality of life.
•HP turns 2.5bn customer transactions into insights that produce 20% incremental ROI across marketing campaigns.
•The Orlando Magic rivals the highest earners in the National Basketball Association, despite its smaller market.
•PSKW grew 140% three years running by being the only pharmaceutical marketer to analyze how coupons affect prescribing rates, helping branded drugs maintain market share against generic rivals.
•T-Mobile reduced churn by strengthening ties with influencers.
•Leaders in Italy's Valle d'Aosta region make more informed decisions about public finances.
•West Midlands Police, the UK's second-largest force, proved that cleaner data equals less crime.
SAS acquires companies to enhance its offerings. In 2012, SAS acquired aiMatch's cloud-based ad server technology that helps publishers sell and manage online ad inventory. SAS' advanced analytics combined with aiMatch's technology lets publishers manage, forecast, optimize and measure ad inventory to maximize ad revenue.
SAS continues to share its analytics expertise with partners globally. Teaming with leaders like Accenture, Capgemini, Deloitte, EMC Greenplum, IBM and Teradata, SAS provides superior analytics to customers including eBay, Centers for Medicare/Medicaid Services, Cardinal Health, Australia's Medibank, UK tax authority HM Revenue & Customs, and India's Maharashtra Tax Department.
"The record revenue that we have posted in 2012 is indicative of the continued trust and confidence that we enjoy from our partners and customers. Our impressive performance last year reflects the strong commitment that we have placed in helping companies and organizations discover the importance and significance of properly managing big data. Rest assured that we intend to outdo this record by continuing to provide our rapidly growing customer base with highly efficient business analytics and software solutions," said Shukri Dabaghi, General Manager, SAS Middle East.
SAS Visual Analytics quickly found traction after its March 2012 launch and will remain a focus in 2013. The big data visualization tool was hailed by analysts as customers embraced the value of easy, self-service data exploration. Creditreform, Cosmos Bank, Hong Kong Efficiency Unit, the Internal Revenue Service, SM Marketing Convergence, XL Group and others use SAS Visual Analytics to derive insight from their data.
SAS expects the demand for business insight from big data to increase through 2013. SAS High-Performance Analytics Server combines the speed of large scale in-memory software with the industry's most trusted advanced predictive analytics, offering near-real-time data mining, optimization, text mining and other features. The company will continue to emphasize industry-specific solutions, which are built on SAS' strong foundation of analytics and information management technologies. They help organizations unlock value and make better, faster business decisions.
"Dramatic reductions in processing times have bolstered new offerings such as visual analytics and high-performance applications for business. We're also designing and distributing these innovations on iPads and Android devices. Our value proposition has never been stronger," concluded Jim Davis, Senior Vice President and Chief Marketing Officer, SAS.
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