IT solutions provider SHI International grew 10% in 2021 over the previous year, bringing in $12.3 billion in revenue.
Momentum that was strong in the second half of the year, up 14% over the second half of 2020, continued into January, the company announced March 7. SHI said that operating profits grew ahead of revenue due to margin expansion, an increasing number of professional services engagements, and continued operational excellence.
“I am extremely thankful for and proud of the effort and dedication SHI’s employees showed in posting a new company revenue record and passing the $12 billion milestone just one year after reaching the $11 billion mark,” said President and CEO Thai Lee in a prepared statement.
“Combining our continued expansion of product and services capabilities with our first corporate rebrand in two decades, SHI is better positioned than ever to find new and innovative ways to support the IT and business needs of our 15,000 global customers. Our momentum allows for continued sustained growth that will power reinvestment in the professional development of SHI employees and the world-class service they provide our customers,” Lee said.
Last year, SHI hired more than 500 solution engineers and continued to invest in its Stratascale capabilities, providing business transformation through consulting services. SHI launched its subsidiary Stratascale in November 2020 to deliver high-value consulting and professional services to business clients.
Moving forward, SHI plans to continue its investment in new capabilities and expansion to support the full IT requirements of its customers. The company is currently expanding internationally with the recent opening its Singapore Integration Center and nearing the launch of its 45,000-square-foot UK Integration Service Centre, scheduled to come online in the second quarter of 2022.