SHI’s revenue soars to $2 billion in Q3 on the back of strong legacy, emerging partnerships
SHI’s growth continues to accelerate in 2016. SHI reported $2 billion in revenue in Q3 — 14 percent year-over-year growth — and the company’s revenues for the first three quarters of 2016 totaled $5.3 billion. This surge puts SHI on pace for another record year.
SHI’s Q3 performance grew from a blend of sales from legacy partners – Microsoft, VMware, Dell, HP Inc. and Hewlett Packard Enterprise, Cisco, Adobe, Oracle, Lenovo, Symantec, and Apple – and emerging partners, including Commvault, Nutanix, Pure Storage, and Amazon Web Services (AWS). SHI’s work with AWS has resulted in exponential year-over-year growth and AWS could be a top-10 partner as early as Q1 2017. These results highlight how cloud migrations, data storage needs, and all aspects of mobility are impacting organizations of all sizes.
SHI’s international operations remain healthy, as sales in Canada, the United Kingdom, and France experienced double-digit growth in the quarter. In the United States, the company’s Corporate and SMB division led all sales teams, increasing sales by 17 percent.
For CEO Thai Lee’s perspective on SHI’s Q3 results, read our official earnings press release.