The revenue growth business software company SAS is seeing this year is being powered by new customers and existing customers buying new products.
Such "new sales" are experiencing "strong, double-digit growth" worldwide, including more than 20 percent in the U.S., chief marketing officer Jim Davis told a group of two dozen journalists this morning during the company's annual media day at its Cary headquarters.
Throught the first three quarters of this year, sales at SAS -- including renewal of existing software contracts -- have increased 5 percent. That's more than double the 2.2 percent growth of last year, when the recession put a damper on new sales.
SAS posted $2.31 billion in worldwide revenue last year.
So far this year, the company has boosted its staff by 3 percent around the world and "we are continuing to hire," Davis said.
SAS, which is one of the Triangle's largest and most successful home-grown technology companies, employs about 11,400 people worldwide, including more than 4,000 in Cary.
Corporations and other customers use SAS business intelligence and analytics software to analyze their operations and predict trends.
Davis said the privately held SAS doesn't need outside money -- it currently has more than $1 billion in cash. That money, he said, will enable SAS to "stay as far away from publicly traded markets as possible."