SAS UK chooses not to be part of the economic downturn Tuesday 5 March 2002 PDF Print Demand for enterprise intelligence drives 29% growth in new sales in 2001 SAS UK, the leader in business intelligence and data warehousing, has announced preliminary financial results for financial year ending 31 December 2001. SAS UK, the biggest SAS subsidiary outside of the United States, had another record year despite difficult trading conditions that saw many of its competitors facing financial problems. SAS UK experienced its twenty-first year of double-digit revenue growth. Turnover increased by 19 percent in 2001 to £60.1 million, which included a tremendous 29 percent growth in new sales. Growth was fuelled by the continuing demand for enterprise intelligence solutions, including those for analytical customer relationship management (CRM), fraud, and risk management applications. SAS UK's revenue growth is consistent with strong revenue growth throughout Europe, the Middle East, Africa (EMEA), and Asia. Revenue growth across these regions was 16 percent in local currency, with 18 percent revenue growth in EMEA, reflecting the success of SAS' focus on selling solutions that address business issues. Phil Bond, CEO of SAS UK commented, "SAS UK is seeing fantastic momentum. Many organisations put their IT budgets on hold after the events of September 11. We found that SAS projects were very quickly reinstated due to their strategic nature in helping companies create value." He continued, "We're looking forward to another successful year in 2002 and I believe that our financial stability and investment strategy will help us to sustain double-digit growth. We are continuing with our drive to recruit people of the highest calibre having increased our headcount last year by 23 percent. Our new building at UK headquarters is scheduled for completion in July to help accommodate our planned growth. All of this is aimed at adding value to our customers and providing an environment for future success." Looking ahead, Bond added, "In 2002, we expect to see continuing demand for our solutions with an emphasis on those that result in risk and cost reduction, such as SAS Risk Management, Fraud Detection/Prevention and SAS' Supplier Relationship Management as well as those that increase profits, such as analytical CRM applications." Increasingly, SAS is chosen over its competitors for its domain expertise in specific industries and business areas. SAS has focused research and development efforts and service offerings on incorporating that domain expertise into its solution offerings, enabling customers to achieve a rapid return on their SAS investment by reducing implementation time. At the same time, SAS continues to be committed to technological excellence and is unsurpassed in the range of analytical functionality offered, data sources accessed and platform independence - all of which contribute to reducing both the risk of SAS investment and the total cost of ownership of SAS solutions. About SAS SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 38,000 sites - including 99 of Fortune 100 businesses - to develop more profitable relationships with their customers and suppliers, to make better, more accurate and informed decisions, and to drive their organisations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics, and traditional BI applications to create intelligence from massive amounts of data. For 25 years, SAS has been giving customers around the world The Power to Know(tm). For further information, please contact the team at the SAS press office on: Tel:+44 (0)20 7841 5738, fax:+44 (0)20 7240 1910 or e-mail firstname.lastname@example.org For more information on SAS, please visit http://www.sas.com/uk SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. (r) indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright (c) 2002 SAS Institute This press release was distributed by ResponseSource Press Release Wire on behalf of Golin in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.