The Cary, North Carolina said that growth during the quarter was driven by continued uptake of its newly released SAS 9 platform and vertical solutions portfolio.
Due to its annuity based licensing model, the majority of sales were from repeat customers including AXA, Hutchinson 3G, Marks & Spencer, and BNL.
As a privately-held concern steady growth suits SAS down to a tee. Unlike its publicly held rivals, SAS can grow at a comfortable rate without the added pressure of having to woo Wall Street.
SAS reported revenue of $1.34bn for 2003, up 13.5%, its 27th consecutive year of growth.
