SAS Institute has recorded a profit every year since it was founded in 1976. The coronavirus will probably end that streak, but the software company’s billionaire owner said he isn’t too concerned. “Financially we’re in good shape," Jim Goodnight said. “We’re not going to have any furloughs or layoffs in response to the pandemic.
We may not make any money this year, but we made plenty in the past to get us by." SAS’s growth into one of the world’s largest software firms underscores this stance.
The closely held company had revenue of $3.3 billion in 2018, thanks to analytic platforms that are used by more than 83,000 businesses, governments and universities.