SAS hits $3 billion annual revenue mark

SAS hits $3 billion annual revenue mark

Summary: The privately held big data and analytics company's annual revenue puts it on par with Salesforce.com.

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SAS, a key business intelligence and analytics software company, said it delivered $3.02 billion in revenue in 2013 due its Visual Analytics software.

The privately held company, based in Cary N.C., flies under that radar, but is known as one of the better places in technology to work. SAS is also navigating the transition from on-premise software to the cloud.

For context, SAS' annual revenue for 2013 makes it the same size as Salesforce.com.

SAS, which doesn't cough up a lot of details about its operations, outlined the following:

  • The company reported double-digit revenue growth for its cloud software to fight fraud and crime, manage risk, develop drugs and manage customer relationships.
  • Fraud prevention and security software was up 44 percent in 2013 vs. 2012.
  • Revenue from energy and utilities was up 18 percent in 2013 with health care and capital markets, up 17 percent and 16 percent respectively.
  • SAS invested 25 percent of its revenue in 2013 to research and development.

Going forward, SAS said it will work more closely with data scientists and analysts using Hadoop, add new functionality to its data visualization tools and add more cloud and industry-specific applications.

Topics: Big Data, Enterprise Software

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