Basel-II News

Basel II Compliance Software Provider SAS Achieves Record $1.9 Billion Revenue

(Feb 14, 2007)-- Strong demand for industry-specific and packaged solutions fueled the 30th straight year of revenue growth for business intelligence provider, SAS. Total revenue in 2006 was US$1.9 billion, up 12 percent over US$1.7 billion in 2005, SAS said. New software license revenue increased 20 percent, nearly twice the growth rate expected in the market this year.

“This year’s strong financial results validate the new course we set for the company several years ago when we began investing heavily in business and industry-focused applications built on an enterprise intelligence platform,” said SAS CEO Jim Goodnight. “We had a good year. Industry and packaged business solutions were up 49 percent over 2005. One of our core strengths, powerful predictive analytics, continued to represent a significant stream of revenue at 19 percent growth. Sales of business intelligence and data integration/warehousing were each up by nearly 50 percent, demonstrating the importance of an integrated intelligence portfolio.”

In its most recent business intelligence report1, analyst firm IDC wrote that "in the short term, IDC does not see any serious challenge to SAS' dominance of the advanced analytics market and expects the company to continue to experience above-market growth rates for query, reporting, and analysis. However, at the same time there is likely going to be a long-term, continuous shift toward more packaged analytic applications."

SAS saw strong increases in key vertical markets. The retail-based sector grew 18 percent as retailers continue to recognize the competitive advantage they gain from applications such as forecasting and optimization. Revenue from financial services jumped 17 percent, demonstrating strong growth in risk management and SAS' dominance as a provider of Basel II compliance software.

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