SHI achieves 13% YoY revenue growth in Q1

SHI International Corp., one of North America´s top 15 largest IT solutions providers, has posted record revenue for the first quarter, driving 13% growth year over year and USD 1.7bn in revenue, the company said.

The company recorded significant growth in both domestic and international sales while building on revenue opportunities with current and emerging partners.

SHI´s domestic sales divisions grew sharply in the first quarter, led by a 24% gain for the Corporate and SMB division, and 13% gains in the Commercial and Strategic Enterprise space. SHI continued its strong growth outside of the US, including a 24% increase in the United Kingdom.

SHI highlighted rapid growth in public cloud usage, paced by Microsoft Azure and Amazon Web Services (AWS). SHI´s Microsoft Azure revenue jumped 147% in the first quarter, continuing the triple-digit growth experienced throughout 2016. Led by Azure and Office 365, SHI forecasts managing over USD 1bn in customers´ Microsoft cloud assets in 2017.

SHI´s AWS business experienced similar momentum with a 112% jump in first quarter revenue compared to the same period a year ago after a 242% year-over-year spike for all of 2016.

Founded in 1989, SHI International Corp. is a USD 7.5bn+ 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 3,500 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the US and is ranked 15th among CRN´s Solution Provider 500 list of North American IT solution providers.