SHI posts $7.57B in revenue year-to-date, up 8% year-over-year

By Emily Bader
Somerset | Nov 7, 2019 at 11:59 am

SHI International announced Thursday its year-to-date earnings, rising 8% year-over-year.

The Somerset-based IT solutions provider said it grew revenues to $7.57 billion year-to-date. Revenues in the third quarter hit $2.67 billion, also up 8% year-over-year in a quarter where SHI completed the construction of the Ridge Integration Facility in Piscataway as well as entered into a naming-rights partnership for the football stadium at Rutgers University.

“We decided three years ago to design and build a second Integration Center focused on data center solutions because we heard again and again from customers that that’s what they needed,” Thai Lee, CEo and president of SHI, said. “The calls for SHI to scale to support all aspects of cloud, on-premises, and hybrid data center technology have only grown louder since then. The new Integration Center, along with our strong partners and dedicated employees, helps us serve each customer’s unique needs as they chart their next phase of growth.”

Among the company’s business units, the Public Sector led the way in growth, up 19% year-to-date, while the Corporate and SMB divisions were up 14%. Overseas, U.K. revenue was up 29%, with France close behind at 21%.

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