SHI grows first quarter revenue 12 percent
This morning SHI released first quarter financial results of $1.12 billion in revenue, a 12 percent increase over our record first quarter in 2013. This growth was driven in large part to the many customers that took the quarter, and the deadline for the discontinuation of Windows XP, to take inventory of their technology and upgrade their software and hardware.
Not surprisingly, the overwhelming majority of organizations decided to stick with the Windows platform. This was clearly evidenced by the revenue growth we experienced with many of our partners, including: Microsoft, up 35 percent; Dell, up 44 percent; Lenovo, up 95 percent, and HP, up 8 percent year over year.
Our press release contains more details on SHI’s technology lines and manufacturers that exhibited the most growth in the first quarter.
As always, thanks to our loyal customers and partners for helping us kick off 2014 with another record-setting quarter!