Demand for hybrid cloud solutions drives SHI’s Q3 revenue growth
Not long ago, technologists were predicting the death of data center hardware sales thanks to a newfangled technology called cloud. As with many IT predictions, the death of the need for on-premises data center hardware has not aged well.
In Q3, SHI increased both cloud services and data center and networking revenue as organizations continued to adopt hybrid cloud infrastructure. The result? We posted $2.47 billion in revenue in Q3, bringing our year-to-date revenue to over $7 billion—an 18 percent increase over last year and our largest-ever total through three quarters.
On the cloud side, Microsoft Azure and AWS led the charge, with 147 percent and 62 percent growth year over year, respectively. When it comes to hardware, Dell, Cisco, Lenovo, and HP Enterprise—four of SHI’s top 10 partners with a data center and networking focus—grew at least 20 percent.
While the cloud certainly is attractive for its cost savings and flexibility, some organizations can’t move all their workloads over for any number of technical, business, or compliance reasons. Hybrid cloud is a popular middle ground that’s not only meeting customer needs but is ensuring data center hardware and networking solutions remain alive and well.
Read our official press release for more details about SHI’s Q3 growth.