SHI scores record $4.9B revenue in first half of 2019

By Emily Bader
Somerset | Aug 14, 2019 at 11:00 am

SHI International announced Wednesday it has hit a record $4.9 billion in revenue in the first half of the year, up 6.7% year-over-year.

The growth comes during a time of reinvestment for the firm, which includes the recent $1.85 million naming-rights partnership with Rutgers Stadium as well as the anticipation of hiring more team members and new facilities coming online, the Somerset-based technology solutions firm said.

SHI said it expects its hardware business to hit $4.5 billion this year and its networking, storage and server business will top $1.5 billion.

“Our growth as a company has always been a product of our world-class customer service,” Thai Lee, CEO and president of SHI, said. “But now more than ever, customers rely on us to provide advanced, integrated hardware, software, and hybrid cloud solutions. Doing that properly and at scale requires infrastructure and resources. For the past 18 months we’ve been expanding our capabilities, from accelerating our hiring to fortifying our training capabilities to nearing completion of two major new facilities. All of it is in service to our customers as we guide them to the solutions that deliver the most value to their organizations.”

Among the company’s business units, public sector revenue was up 20% year-over-year, while corporate and SMB were also up by 12.7%. Internationally, France increased 28% while the U.K. jumped 12%.

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