Demand for hardware, cloud solutions drive $5.2 billion in revenue in 1H20
COVID-19 spurred an unprecedented demand for hardware and cloud-based solutions in the first half of 2020, as organizations sought to equip frontline workers and adopted widespread work-from-home initiatives. As a result, SHI generated $5.2 billion in revenue, a 6.4% increase year over year.
More than 1,100 customers had orders go through our Knox and Ridge Integration Centers during the first half of the year, and we shipped 5.3 million products – 151% percent more than in the first half of 2019. Among our largest partners, Dell, HP Inc, Cisco, Lenovo, Amazon, and Adobe led the way. Cybersecurity provider CrowdStrike experienced the most dramatic growth, as organizations sought to increase protections for their distributed workforces.
More than ever, we need to thank our employees for their steadfast commitment to supporting our customers, even as they juggled their own personal and professional disruptions. Their work’s not over; as the 2020-2021 school year approaches, they’re hard at work outfitting academic institutions with the hardware, software, and cloud solutions they need to support students, teachers, and faculty across in-person, virtual, and hybrid learning environments.
Similarly, we must thank our customers for entrusting us to meet their technology needs. This pandemic has tested the resiliency and adaptability of organizations of all sizes and geographies. We’re honored to support you and your employees and look forward to continuing to do so in the future.
For more on our first half 2020 financials, as well as thoughts from CEO Thai Lee, check out our official press release.