SHI sales fly past $5bn in H1

Revenue rises by over six per cent

SHI International saw sales smash through the $5bn mark in its H1, driven by the adoption of cloud services and a spike in demand for devices.

The US firm said sales rose 6.4 per cent to $5.2bn in the six-month period to 30 June 2020 as businesses scrambled to stay operational amid the COVID pandemic.

SHI CEO Thai Lee said: "On behalf of our entire team, I want to extend my thanks and appreciation to SHI's essential workers, who have so diligently worked overtime to support the technology needs of our customers during this critical period.

"No matter the crisis or challenge, SHI employees have always stepped forward to serve those in need. Despite managing both personal and professional disruptions due to COVID-19, our employees have been instrumental in our ability to serve frontline workers and support businesses through the pandemic.

"Customers turned to us not only for our objective consultation and our technical knowledge, but for our logistical expertise and ability to efficiently deliver devices and solutions to customers whenever and wherever their employees are working. It is for that reason that SHI continues to thrive despite the disruption."

SHI said its enterprise division led the growth, with sales up 14 per cent year on year. Sales to the public sector were up three per cent, while SMB revenue grew one per cent.

The firm added that sales with its biggest vendor partners climbed nearly 20 per cent, highlighting CrowdStrike, Dell, HP Inc, Cisco, Lenovo, Amazon and Adobe.

Shipments through its two integration centres have more than trebled through the pandemic.