SHI Hits Revenue Record With over $5.5 Billion in First Half of 2021
Published on : 8/12/2021
SOMERSET, N.J. -- (BUSINESS WIRE)
SHI International, one of North America's largest IT solutions providers, generated a record $5.5 billion in revenue in the first half of 2021, growing 5% year over year. The company again finished the first half of the year with a strong June, up 15% over June 2020, which was also a record month.
SHI's Professional Services division saw the most growth within SHI, more than 25% year over year, while Public Sector business jumped above 18% and the Commercial sector grew more than 16%. Security was a top priority in the first half of the year, rising 16% amid new cyber threats and a dramatic increase in employees working remotely. "Longtail" IT asset management solutions - SHI's offering to address all vendors within a customers' environment - was up 8%.
Overall revenue was well-balanced across SHI's main product and services categories. End-user Longtail and Data Center solutions led all individual categories, each representing 20% of SHI's total revenue for the quarter, followed by End-user Workplace (17%), and Security (14%).
"To be on pace for another record-breaking year is a testament to the value customers see in our solutions and the relationship they enjoy with the SHI employees who deliver those solutions," said Thai Lee, President and CEO of SHI. "As we continue to expand both domestically and internationally, we see growing demand for professional service solutions that support ambitious digital transformation initiatives. SHI and Stratascale are working together to guide procurement and IT managers through every step of their journey with the world-class customer service they depend on."
SHI took another step in global expansion in June, adding an office in Sydney. The new office joins regional locations in Hong Kong and Singapore as part of SHI's 20-year presence in the Asia Pacific region and moves SHI closer to its customers in Australia and New Zealand.
Other highlights in the first half of 2021 for SHI include:
- Making LinkedIn News' list of top 25 companies in Austin, Texas
- Receiving Microsoft Surface Hub Reseller of the Year and 2021 Microsoft US (MSUS) Partner Award in Modern Endpoint Management
- Achieving International Certification as Woman-Owned Business
Founded in 1989, SHI International Corp. is an $11 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 5,000 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the U.S.
For more information, please visit www.shi.com.
For SHI International