SAS reports record annual revenue

04 Feb 2009 View Comments
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SAS chief executive Jim Goodnight
Goodnight: Growth is a result of being a privately held company

Software provider SAS has reported record annual revenue for 2008, up 5.1 per cent to $2.26bn (£1.6bn).

In the UK, the analytics specialist grew its software sales by six per cent to $146.4m (£101m). One of the biggest growth areas in the UK was the banking sector, where SAS increased its business by 25 per cent across the year. UK public sector sales also grew by 29 per cent.

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"We achieved our 33rd year of revenue growth in the worst economy most can remember," said SAS chief executive Jim Goodnight.

"This growth is a direct result of being a stable, privately held company, which allows us to invest in long-term relationships with employees and customers."

The supplier is unusual in the IT sector for shunning the stock market and remaining in private ownership - which also accounts for the fact it does not have to announce figures for its profit, which is mandatory for quoted companies.

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