SAS stretched its winning streak for revenue growth to 27 years in 2003 in a big way.
The privately held software company reported revenues of $1.34 billion, an increase of 13.5 percent. Revenues in 2002 were $1.18 billion.
SAS said revenues in North America increased 46 percent. Europe, Middle East and Africa revenues climbed 43 percent. Asia and Pacific region revenues were up 9 percent.
Data management growth soared 80 percent, SAS reported.
Sales in the area of activity-based management, costing and performance management were up 40 percent.
Risk management application spending increased 65 percent.
Business intelligence spending climbed 70 percent.
Chief Executive Officer Jim Goodnight also said that SAS would introduce a new technology — the SAS 9 Intelligence Platform — at the end of the first quarter. “We expect heightened demand as we present these new software applications to customers, which will take them well beyond the realm of traditional business intelligence applications.”
SAS said the SAS 9 will “integrate data across an organization and make intelligence available to use as a strategic company asset.”