SHI International sets Q1 revenue record

By Emily Bader
Somerset | May 10, 2019 at 10:30 am

Somerset-based SHI International, an IT solutions provider, announced Thursday its first quarter earnings, rising 7.5% year-over-year.

The Somerset-based company said it earned $2.3 billion in the first quarter of 2019, surpassing a record set in the first quarter of 2018.

The firm experienced growth both domestically and internationally, it said. SHI’s Public Sector revenue was up 25% over last year, while Corporate and SMB was up 14%. Internationally, France led the way in terms of growth with a 36% jump while the U.K. rose 19% year-over-year.

“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,” SHI CEO and President Thai Lee said. “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.”

The company also said its Integration Center, a 400,000-square-foot facility in Piscataway, is slated for completion in September. Also, the Garza Ranch, SHI Austin’s future home, is expected to open in February 2020.

Emily Bader | ebader@roi-nj.com | emilybader