SAS reports revenues of US$2.43bn in 2010

- Monday, January 24, 2011

SAS reports revenues of US$2.43bn in 2010

US software provider SAS saw its 2010 revenues increase 5.2% to a record US$2.43bn, according to a company press release.

Revenue from SAS's business analytics sector grew 26% during 2010.

In most of Latin America, SAS saw double-digit percentage gains in revenues, along with other developing markets in Asia and the Middle East.

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The company also saw its workforce grow by 24% during the year, and it reinvested 24% of its revenue in research and development. SAS did not report earnings.

For 2011, SAS expects the uncertain economic landscape and exponential growth of digital data to be challenges as well as opportunities.

Previously, SAS's Latin America North division said it expected new software licenses to grow 30% in the region this year, while total revenues are expected to rise 6%. Colombia and Mexico were significant revenue drivers in 2010, and sales increases in the two countries are expected to spill over to 2011.