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SHI International Sets New Q1 Revenue Record

May 9, 2019

SOMERSET, N.J.--(BUSINESS WIRE)--May 9, 2019--SHI International, one of North America’s top 10 largest IT solutions providers, earned $2.3 billion in the first quarter of 2019, growing 7.5% year over year, and surpassing the Q1 revenue record it set in 2018.

SHI experienced significant growth both domestically and internationally. SHI’s Public Sector revenue surged ahead by 25% over last year, while Corporate and SMB gained 14%. Overseas, France led the growth with a 36% jump, and the U.K. rose 19% year over year.

Partners again played an outsized role in SHI’s success. Seven of SHI’s Top 10 Partners experienced growth of 15% or more, including Dell, VMware, Cisco, Lenovo, HP Enterprise, Apple, and Red Hat. Other standout partners from the top 25 include F5 Networks, which leapt 62%, and Amazon, which climbed 25%.

“Last year SHI experienced one of our best first quarters ever. But despite that quick start and a marketplace change that will be reflected in SHI’s reporting throughout 2019, we again set a new first quarter record,” said Thai Lee, President and CEO of SHI. “We continue to see strong growth among our top partners and business units, and remain on schedule with the construction of two new facilities that will increase our capacity to support our customers. Our unwavering focus on addressing customers’ IT and business challenges, the ongoing strength of our partnerships, and the dedication of our employees will keep SHI on course for continued growth.”

SHI’s second Integration Center, a 400,000-square-foot facility in Piscataway, New Jersey, will focus on delivering advanced data center hardware and configuration solutions, and should be complete in September. Garza Ranch, SHI Austin’s future home, is anticipated to open in February 2020.

To date, SHI has won multiple awards and accolades in 2019 that illustrate the depth of its partnerships and its commitment to employees:

For more information on SHI, please visit www.shi.com and blog.shi.com.

ABOUT SHI

Founded in 1989, SHI International Corp. is a $10 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 8th among CRN’s Solution Provider 500 list of North American IT solution providers. For more information, visit https://www.SHI.com.

Press Resources

SHI Corporate Website: http://www.SHI.com
SHI Blog: http://blog.SHI.com
SHI Twitter Handle: @SHI_Intl

View source version on businesswire.com:https://www.businesswire.com/news/home/20190509005890/en/

CONTACT: For SHI International:

Gregory FCA

Matt McLoughlin, 610.228.2123

Matt@GregoryFCA.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS SECURITY

SOURCE: SHI International

Copyright Business Wire 2019.

PUB: 05/09/2019 03:06 PM/DISC: 05/09/2019 03:06 PM

http://www.businesswire.com/news/home/20190509005890/en