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The Brazilian subsidiary of advanced analytics software provider SAS reported growth of 28% in total software revenues (TSR) in 2013 over the year before, the company said in a statement without providing details of the revenue figures.
SAS's president for Brazil and the Southern Cone, Márcio Dobal, said that the figures were higher than those for the overall Brazilian IT market in 2013 which was around 10%.
The performance, according to the company, raised the country to the seventh largest SAS TSR market. In 2012, Brazil occupied the 10th position in that ranking.
According to SAS, the financial services vertical accounted for 40% of SAS Brasil's 2013 revenue, followed by telecommunications (23%), government (16%), insurance (15%) and retail and consumer goods (6%).
A total of 14 new customers were reportedly added to the company's local base last year.
The software license growth was not limited to Brazil. In 2013, Argentina, Chile and Peru reported a combined 32% expansion in TSR.
Furthermore, the group comprised of Brazil, Argentina, Peru and Chile reported 10% growth in consulting services.
According to SAS, Latin America was the region with the highest annual revenue growth in 2013, reaching 100% of the target set for the year.
For 2014, SAS projects 20% TSR growth in Latin America - with a particular focus on the areas of fraud, customer intelligence, risk and data management.
SAS posted revenues of US$3.02bn in 2013, driven mainly by a strong Latin America performance. The Americas accounted for 46.7% of revenue followed by Europe, the Middle East and Africa (41.4%) and Asia Pacific (11.9%).