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SAS revenues soar on higher interest in security, analytics and business intelligence [India Business] [Times of India]
[February 01, 2014]

SAS revenues soar on higher interest in security, analytics and business intelligence [India Business] [Times of India]

(Times of India Via Acquire Media NewsEdge) PUNE: Business analytics comany SAS has logged in 2013 record revenue of $3.02 billion riding on the enthusiasm of organisations in embracing a range of SAS solutions. Business intelligence revenue spiked on the popularity of SAS Visual Analytics, new data visualisation software that brings business threats and opportunities into sharp focus, the company said.

Revenue growth was double-digit for cloud solutions that fight fraud and financial crimes, manage risk, improve customer relationships and help develop safe, effective new drugs.

SAS continues to execute on its vision to turn data - wherever it's from, in whatever form - into priority-shifting insights. "Data is an asset of growing importance to organisations," said SAS chief executive officer Jim Goodnight. "The amount of data pouring in is so vast, it's impossible to analyse quickly enough to make a difference in day-to-day decisions without a high-performance analytics infrastructure. Over the last two years we've delivered ground-breaking analytics technology that unlocks the value in all this data." SAS said organisations looking to stop fraud fueled a 44 percent jump in sales of fraud prevention and security intelligence solutions. Revenue from cloud-based offerings, SAS Solutions On Demand, jumped 20 percent as pharmaceutical companies prepared for an onslaught of new regulations, the company said. 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, the company said.

(c) 2014 Bennett, Coleman & Company Limited

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