SHI Shatters Revenue Records with $4.6 Billion in Revenue for the First Half of 2018
SOMERSET, N.J.--(BUSINESS WIRE)--Aug 10, 2018--SHI International Corp., one of North America’s top 10 largest IT solutions providers, hit a record $4.6 billion in revenue for the first half of 2018, shattering last year’s record by 21 percent. The growth came from across the organization, as every division, top partners, and AWS services all achieved double-digit jumps year over year. At the same time, SHI crossed other milestones, including breaking ground on SHI Austin’s future home.
SHI’s Public Sector division led growth, with a 26 percent rise over last year. The Commercial and Strategic Enterprise division and the Corporate and SMB division both grew 22 percent year over year. France led international sales with 50 percent growth.
Microsoft, Dell, HP Inc., and Cisco—SHI’s top four partners—all grew at least 23 percent over the same period last year, while Adobe, Apple, and Symantec—three other top 10 partners—rose at least 20 percent. Among SHI’s emerging partners, Palo Alto led the way, growing 162 percent year over year.
SHI’s investment in obtaining additional AWS technical certifications and expanding its AWS services over the past 12 months led to 62 percent year-over-year growth in AWS revenue in the first half of 2018. SHI achieved Managed Service Provider Partner status from AWS in October 2017, followed by VMware Cloud on AWS certification in March, with further certifications soon to be announced.
“Worldwide, the public cloud services market is projected to grow 21 percent in 2018 to nearly $200 billion,” said Thai Lee, President and CEO of SHI. “While SaaS remains the largest segment of the cloud market, IaaS is the fastest growing this year. SHI’s credibility in the cloud marketplace helps us support the critical goals of cost and usage optimization. We’ve been staffing up our cloud resources in every customer vertical to better support the unique needs of each, and we are working closely with our valued partners to make our customers’ business and IT initiatives a reality.”
For the first time, SHI topped 4,000 employees during the first half of 2018 as it continued aggressive hiring to support growth. SHI is planning for further expansion, breaking ground on its Garza Ranch project, which will be SHI Austin’s new headquarters as of January 2020.
Founded in 1989, SHI International Corp. is a $8.5 billion+ global provider of technology products and services. Driven by the industry’s most experienced and stable sales force and backed by software volume licensing experts, hardware procurement specialists, and certified IT services professionals, SHI delivers custom IT solutions to Corporate, Enterprise, Public Sector, and Academic customers. With over 4,000 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the U.S. and is ranked 9th among CRN’s Solution Provider 500 list of North American IT solution providers. For more information, visit https://www.SHI.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180810005343/en/
CONTACT: For SHI International:
Mike Lizun, 610-642-1435
KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE SECURITY PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
SOURCE: SHI International Corp.
Copyright Business Wire 2018.
PUB: 08/10/2018 12:41 PM/DISC: 08/10/2018 12:41 PM