Mumbai: US-based SAS, which provides business analytics software and services, said it logged a global revenue of $2.26 billion in 2008, an icrease of 5.1% over the previous year.
The company’s Indian arm, SAS India, grew more than twice that of the industry average, it said in a press release.
We achieved our 33rd-year of revenue growth in the worst economy most can remember. This growth is a direct result of being a stable, privately held company, said SAS chief executive officer James Goodnight.
He added the company’s strongest growth was in analytics, data-mining and solutions, which helps organizations manage risk and optimise processes.
SAS India has been ranked a leader in the advanced analytics market with a market share of 55% in terms of revenue.
The growth of the business analytics market in India proves the necessity for organizations to use analytics as a strategic competitive differentiator, said SAS India’s chief executive officer and managing director Sudipta Sen.
In fiscal 2008, SAS India was also rated as the most preferred vendor in the business intelligence category as per a survey done by 9dot9 Media.
SAS entered India in 1997 and has two wholly-owned subsidiaries called SAS Institute (India) Pvt Ltd and SAS Research & Development.