Sas Institute
Executive Summary:
SAS institute was found in 1976 by Dr. James Goodnight and three other colleagues. The company’s original product was designed to perform statistical analyses of data form. SAS has been a private company since its inception and it still is. Dr. Goodnight has been the spearhead of this company throughout its life and has been undertaking most of the major decisions of the company whose organizational structure is extremely flat as well as informal. SAS systems have become a 25-product system for the data warehousing, data mining and decision support over the years.
Introduction:
Purpose of this memo is to execute a detailed analysis of SAS Institute. We are going to analyze how well is the company doing and why is it performing the way it is. We are going to run through different factors like the product varieties, work culture, management strategies and competitiveness in the market in process of justifying the progress of the company.
Financial Analysis:
SAS Institute has been having a series of positive cash flows every year since the day of its inception. Consequently the company has not acquired any debt in the history of its existence and has never gone public either. Because of the fact that it has never gone public, information on its finance has always been closely guarded. According to Forbes, the company would be worth at least $3 billion as of 1998 and is the ninth largest independent software firm in the world.
In 1998, 97% of fortune 100 companies are dependent on SAS for running their business as well as 80% of fortune 500 does the same. This shows that SAS is significantly dominant throughout the industry. Moreover the sales revenue of the company has been growing throughout its life span at a very satisfying rate. From 1986 till 1997, SAS has experienced a yearly increase in revenues at an average of around 21% every year. These are outstanding figures for any...
Please login to view the full essay...