State News

SAS reports 5.1 percent revenue increase

Posted February 4, 2009

— Privately owned SAS Institute says its revenue rose again last year to $2.26 billion despite the poor economy.

The Cary-based software company said Wednesday that revenue rose 5.1 percent last year, marking the 33rd year of revenue growth.

Chief executive Jim Goodnight said in a statement that the company prospered in the poor economy because its private status allows it to build long-term relationships with customers and workers.

SAS said revenue from risk management programs was up 28 percent, and optimization software sales increased 18 percent. Energy and utility company sales were up 27 percent, and revenue from analytics and data-mining software increase more than 15 percent, the company reported.

SAS said it gained 2,600 new customers around the world last year.


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  • tlh1005 Feb 4, 2009

    "Put money into the Triangle community (example: light rail transportation), not into Cary real estate"

    Anyone who'd make that comment obviously doesn't know what they're talking about. He's donated plenty of money to charity and non-profits, and donated even MORE in personal time to education reform. He fights more for the education of NC's children then some of their own parents... In contrast, what have you done for your community besides come up with the idea that mass transit will create utopia?

  • Mr. John Q Public Feb 4, 2009

    Kudos to Mr. Goodnight for running a company that is ethical and prosperous. Proving the two aren't mutually exclusive. The problem with most public companies is that they are driven by short term thinking. Layoffs should be a last resort, not a first resort, even if that means salary cuts. The economy will not recover until the layoffs end or at least slow way down. Companies which layoff employees even when they are profitable (think IBM, Microsoft) are ultimately hurting themselves. Laid off employees can't pay their mortgages and other loans creating more "toxic loans", further dragging down banks and making them loathe to lend to anyone. This causes a "death spiral" to which our economy will have a very difficult time recovering. Eventually this will mean less profits for everyone.

  • WRALblows Feb 4, 2009

    "Get rich quick CEO's answering to share holders are what has left companies so vulnerable in a weak economy."

    Ya, funny that companies that put employees, customers and service first are weathering the storm best. Companies that sat around thinking of ways to reduce or "automate" customer service to increase returns for VC's and shareholders are diving like rocks in a pool.

  • DougWare.NET Feb 4, 2009

    OMG! There is a company who is making money in tough economic times? Let's grab the pitchforks, torches and raise their taxes. We simply can not allow a company to prosper while others are being laid off.

  • NC Reader Feb 4, 2009

    Mr. Goodnight has also realized that employees who are treated well, with lots of wonderful benefits, are less likely to move -- thus, less expense in training new hires. He knows that being good to employees is in his economic best interest.

  • atc2 Feb 4, 2009

    Put money into the Triangle community (example: light rail transportation), not into Cary real estate

  • 68_polara Feb 4, 2009

    It's nice to read good news. Jim Goodnight must have his heart in the right place if working towards long-term goals and profitability is why SAS is successful. Get rich quick CEO's answering to share holders are what has left companies so vulnerable in a weak economy. The bad news is that most companies are run the latter way these days.

  • davidgnews Feb 4, 2009

    Check out the benefits provided by SAS, it is almost a privledge to work there.

    It's called 'recognizing that your employees are the appreciating asset in the company."

    Mr. Goodnight is a brilliant guy, and worth every cent he's made.

  • jockeyshiftspringer Feb 4, 2009

    ericsgrowing said: "I envy working for a private company... Decisions are made with the mind and heart and not just the mind and wallet like typical companies with shareholders."

    Amen to that. Shareholders are the damnation to most company failures.

  • ncguy71 Feb 4, 2009

    Good job

    - but I see the "wealth envy" crowd making a lot noise about this and demand "action" - whatever that may be......