SHI International Corp. 2011 Third Quarter Revenues Up 29 Percent

SOMERSET, N.J.--(EON: Enhanced Online News)--SHI International Corp., one of North America’s top 20 largest IT solutions providers, today announced that third quarter 2011 revenues grew 29 percent year-over-year to $869 million for the quarter and $2.6 billion year-to-date. SHI’s revenues for the first nine months of 2011 increased 32 percent in comparison to the same time period one year ago.

“As IT demands grow and budgets get tighter, SHI is delivering high-powered, cost-effective solutions for our customers. We expect record revenues this year in both traditional hardware and software solutions, as well as new offerings such as our new industrial-grade cloud computing platform.”

The company reported strong domestic and international sales as it recorded tremendous sales growth in its Enterprise and emerging Corporate Sales divisions, which grew 25 percent and 103 percent, respectively.

“Our continued growth across all solutions is a direct result of our ability to provide customers with a range of services that meet their unique needs,” said Thai Lee, President and CEO of SHI International Corp. “As IT demands grow and budgets get tighter, SHI is delivering high-powered, cost-effective solutions for our customers. We expect record revenues this year in both traditional hardware and software solutions, as well as new offerings such as our new industrial-grade cloud computing platform.”

In August, SHI launched its new industrial-grade cloud computing platform, signing dozens of new customers and SaaS providers within the first six weeks of the launch. The new platform was met with immediate success, establishing a strong brand in a high-growth market. After the company’s cloud computing launch, SHI also joined partners HP and Box in delivering new Internet2 NET+ Services, including cloud computing and infrastructure services, to Internet2 members’ faculty, staff, and students nationwide. The design and implementation of this project will demonstrate the powerful and secure nature of SHI’s cloud platform.

International sales saw continued expansion with Canadian and European sectors posting double digit revenue growth. Additionally, the company reported significant gains with partners McAfee, Symantec, Adobe, and VMware.

During the third quarter, SHI also relocated nearly 1,000 employees to a new World Headquarters in Somerset, N.J., which demonstrates the strategic direction for further company growth and provides the necessary space for a state-of-the-art data center.

About SHI

Founded in 1989, SHI International Corp. is a $3.5 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 1,750 + employees worldwide, SHI is the largest Minority/Woman Owned Business Enterprise (MWBE) in the U.S. and is ranked 19th among Everything Channel's VAR 500 list of North American IT solution providers. For more information, visit http://www.shicloud.com.