SAS Phils. posts 57% software revenue growth

SAS Institute Philippines, a market leader in business and analytic intelligence software and services, announced "explosive growth" in all its business areas in 2003.

"The past year has been a very exceptional one for us. Our total software revenue grew by 57 percent as compared to the Asia-Pacific software growth of 7.8 percent (IDC figure). We have achieved quite a number of accomplishments in such a short time and there’s still much room for growth as companies continue to mature and recognize the benefits of investing in analytic intelligence software," says Sonny Halili, managing director of SAS Institute Philippines.

For 2003 alone, the company grew by 99 percent in new license revenue, 57 percent in total software revenue, 43 percent in operating revenue and 77 percent in operating profit. The past year also saw SAS doubling its first-year license revenue.

The previous year was also made significant after SAS landed large deals with some of the country’s biggest companies.

It was tapped by the Bureau of Internal Revenue (BIR) to handle and complete the agency’s RELIEF System and BIR eReportCard programs which helped increase the agency’s collection efficiency. There were also offshore engagements for JCB in Japan, TA Orange in Thailand and Maxis in Malaysia.

SAS plays a vital role in the banking, academe, telecommunications and com-mercial sectors, counting among its clients a number of companies considered leaders in their respective industries.

The company also cemented its presence in the banking sector with a new project with Equitable PCI Bank.

In the Asia-Pacific region, SAS also maintained its dominant streak, posting an annual growth of 22 percent in renewal license revenue.

The regional office contributes over 10 percent to the SAS’ worldwide revenue and hopes to double its revenue contribution by 2005.