Business analytics firm SAS posted a profit of 12% in global revenues for the fiscal year of 2011.
Its global revenues for the year 2011 were $2.725bn, up from $2.43bn in 2010.
SAS workforce in 2011 grew by 9.2% and it reinvested 24% of revenue into R&D.
According to the company, the Americas accounted for 46% of the total revenues, while Europe, Middle East and Africa (EMEA) and Asia Pacific accounted for 42% and 12%, respectively.
Revenues from software segment for fraud detection grew threefold and from on-demand solutions revenues grew nearly 50%.
The other growth areas were analytics and information management solutions, customer intelligence, retail, risk and supply chain solutions.
SAS recorded year on year growth of 4% in total operating revenue in the UK.
SAS CEO Jim Goodnight said companies trust SAS Business Analytics to solve their toughest problems, from increasing revenue through better pricing strategies to stopping fraud-related losses.
"Innovation is what has kept SAS growing for the past 36 years. We can’t succeed without innovation, new products, ideas and services. Loyal, creative, healthy employees are innovative," added Goodnight.
According to one estimate, global information is doubling every two years, as the data created last year exceeded 1.8 trillion gigabytes.
According to another estimate, data will grow by 50 times by the year 2020. SAS, therefore, expects a healthy growth in the coming years.
The company is planning to expand its SAS High-Performance Analytics family, leverage on its growth in SAS Customer Intelligence solutions, update its anti-fraud software and will continue to invest in SAS Analytics.
