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SAS Malaysia chalks up record revenue in 2011

AvantiKumar | Jan. 29, 2012
Business analytics firm SAS Malaysia grows 21 percent, and records a revenue of more than US$11.84 million in 2011.

Andrew Tan, Managing Director of SAS Malaysia

PHOTO - Andrew Tan, managing director of SAS Malaysia.

 

Business analytics firm SAS Malaysia has recorded 21 percent with a revenue of more than US$11.84 million (RM36 million) in 2011, which reflected a growing demand for analytics around the world.

Speaking on 26 January 2012, SAS Malaysia managing director Andrew Tan said that the company achieved a global growth of 12 percent and with a revenue of US$2.75 billion (RM8.7 billion). "SAS marked double-digit growth in its 36th profitable year as organisations sought more advanced analytics solutions to uncover business opportunity in their own burgeoning data stores in the current 'Big Data' phenomenon."

"The Americas accounted for 46 percent of total revenue; Europe, Middle East and Africa (EMEA) 42 percent; and Asia Pacific 12 percent," said Tan. "SAS growth was strong across the board in all major regions and countries, even in regions hardest hit economically."

He said that revenue grew across all solution and industry categories:

i) Software to detect fraud saw a triple-digit jump,

ii) Analytics and information management solutions grew double digit

iii) On-demand solutions' revenue grew almost 50 percent.

Globally, SAS dominated two major IT growth areas identified by research firm Gartner Advisory Singapore: next generation analytics and in-memory data analytics (powered by high performance computing).

 

Demand for analytics in Malaysia

"In Malaysia, SAS' annual new software revenue growth was mainly fuelled by the demand for analytics for customer intelligence, data management, combating fraud and to mitigate risk," said Tan. "This was mainly driven by sales growth in the financial services industry of 31.2 percent."

"Currently, the company has more than 150 corporate clients across sectors in Malaysia that use SAS analytics solutions," he said. "The market is changing rapidly. More and more companies are looking to analytics to give them visibility and clarity on the vast information that runs through their business, to make more cost-effective decisions."

"In Malaysia, we have also started to serve the very specific analytics needs of the oil & gas industry; helping companies to predict and prevent machinery failure," said Tan, adding that in 2011 new sales included companies such as Malaysia Building Society, UMobile, Columbia Asia Hospital, Takaful Ikhas, Department of Statistics Malaysia, and Pos Malaysia.

 

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