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About CLPS Incorporation
CLPS Incorporation (Nasdaq: CLPS) is a globally recognized provider of information technology (IT) consulting and solutions, headquartered in Hong Kong. Founded in 2005, the company specializes in delivering tailored IT services and innovative solutions to a diverse range of industries, including banking, wealth management, e-commerce, automotive, insurance, and healthcare. With a strong focus on the financial services sector, CLPS serves a growing network of clients, ranging from mid-sized enterprises to Fortune 500 companies, across Asia, North America, Europe, and the Middle East.
Core Services and Solutions
CLPS offers a comprehensive suite of IT services, including:
- IT Consulting Services: Expertise in financial technology solutions, legacy system modernization, and digital transformation initiatives.
- Customized IT Solutions: Development of tailored platforms, such as risk control systems, credit card solutions, virtual banking training platforms, and debt collection systems.
- Robotic Process Automation (RPA): Advanced automation tools like Nibot, designed to enhance operational efficiency across industries.
- Artificial Intelligence (AI): AI-driven solutions for business process optimization, intelligent automation, and predictive analytics.
- Global Delivery and IT Staffing: Seamless integration of talent and technology through its Talent Creation Program (TCP) and Talent Development Program (TDP).
Global Footprint
To meet the growing demand for global IT support, CLPS has established 19 delivery and research & development centers worldwide. These centers are strategically located in Mainland China (Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan) and internationally in the USA, Canada, Japan, Singapore, Malaysia, India, Philippines, UAE, and Hong Kong SAR. This extensive global presence enables CLPS to provide real-time, localized services to its clients.
Strategic Growth and Diversification
CLPS's growth strategy is underpinned by its dual focus on geographic expansion and diversification into emerging sectors. Recent acquisitions, such as Shell Infotech in Southeast Asia and Purple Potato Finance, have bolstered its market share and strengthened its service portfolio. The company has also ventured into new industries, including e-commerce, tourism, and academic education, complementing its core IT offerings.
Technology and Innovation
Innovation is at the heart of CLPS's operations. The company has invested heavily in five key technological engines: AI, low-code platforms, RPA, cloud computing, and big data. Its AI Innovation Committee (CAIC) spearheads the integration of advanced technologies like generative AI and machine learning into its solutions, enabling clients to achieve digital transformation and operational excellence.
Challenges and Resilience
Despite facing challenges such as fluctuating client demand and global economic uncertainties, CLPS has demonstrated resilience through strategic initiatives. These include diversifying revenue streams, optimizing operational costs, and enhancing talent acquisition and development. Its proactive approach to market dynamics ensures sustained competitiveness and long-term growth.
Commitment to Excellence
CLPS is committed to delivering high-quality IT services that align with international standards. Its emphasis on innovation, client-centric solutions, and global expansion positions the company as a trusted partner for organizations navigating the complexities of digital transformation.
Conclusion
With its robust service portfolio, technological expertise, and global reach, CLPS Incorporation continues to redefine the IT consulting landscape. By addressing the evolving needs of its clients and leveraging cutting-edge technologies, the company is well-positioned to drive sustainable growth and create value for stakeholders worldwide.
CLPS Incorporation (Nasdaq: CLPS) has announced the establishment of PT Ridik Fintech Services, a wholly-owned subsidiary in Jakarta, Indonesia. This strategic expansion aims to strengthen CLPS's presence in Southeast Asia by providing tailored IT solutions to local enterprises.
According to U.S. International Trade Administration data, Indonesia's digital economy is projected to exceed $130 billion by 2025, positioning it as one of the fastest-growing markets in Southeast Asia. The company plans to leverage its expertise in artificial intelligence, robotic process automation, big data, and cloud computing to penetrate the Indonesian market.
CLPS has reported significant growth in Southeast Asia, with a 101.7% year-over-year revenue increase in the first half of fiscal 2025. The new subsidiary will focus on localizing operations, investing in domestic talent, and fostering partnerships to support Indonesia's digital transformation journey.
CLPS Incorporation (NASDAQ: CLPS) reported strong financial results for H1 FY2025 ended December 31, 2024. Revenue increased 15.3% to $82.8 million, with international revenue growing 110.4% to $19.0 million. The company achieved a turnaround to profitability with net income of $0.2 million, compared to a $1.0 million loss in the prior year period.
Key highlights include:
- Gross profit up 21.6% to $19.2 million with improved margin of 23.1%
- IT consulting services revenue grew 15.2% to $80.1 million
- Banking sector revenue increased 17% to $33.5 million
- Total clients expanded to 277 from 225
- Distributed special cash dividend of $0.13 per share
For FY2025, CLPS expects total sales growth of 12-17% and non-GAAP net income growth of 15-20% year-over-year. The company established new China Development Center and Global Testing Center to drive innovation in AI, RPA, cloud computing, and big data solutions.
CLPS Incorporation (Nasdaq: CLPS) has announced it will release its financial results for the first half of fiscal year 2025, covering the six-month period ended December 31, 2024. The results will be made public before market opening on Wednesday, March 5, 2025.
CLPS Incorporation (Nasdaq: CLPS) has announced the formation of the CLPS AI Innovation Committee (CAIC), led by CEO Raymond Lin. The committee will focus on implementing AI technologies across company projects and client deliveries. According to IDC, global AI spending is projected to reach $632 billion by 2028, with a CAGR of 29.0% from 2024-2028.
CAIC utilizes advanced AI tools like OpenAI and DeepSeek to create an intelligent engineering system integrated into all IT development stages. The committee has already demonstrated success in fintech, particularly in modernizing legacy systems for financial institutions. A notable achievement includes upgrading a Hong Kong bank's loan system using AI to transform legacy code into Java.
The initiative builds upon CLPS's five key innovation engines established in early 2025: AI, low-code platform, RPA, cloud computing, and big data. CAIC will develop AI application strategies for the next 3-5 years, focusing on GenAI, machine learning, and intelligent automation for banking, wealth management, e-commerce, and automotive sectors.
CLPS Incorporation (Nasdaq: CLPS) has announced the launch of Nibot, a new generation Robotic Process Automation (RPA) product developed by its subsidiary, CLPS Technology. The product targets international and Hong Kong markets, offering comprehensive automation functionality with features including intelligent task scheduling, robot cluster management, and end-to-end encryption.
Nibot differentiates itself through an advanced visual process designer with drag-and-drop functionality and pre-built templates, making it more accessible and cost-effective. The product has applications across various sectors including finance, e-commerce, logistics, healthcare, and manufacturing.
Since launching RPA solutions in 2021, CLPS has successfully implemented projects across multiple industries. In 2025, the company is focusing on five key innovation engines: AI, low-code platform, RPA, cloud computing, and big data. The company aims to compete in the global RPA market by offering high-performance, cost-effective solutions.
CLPS Incorporation announced that its majority-owned subsidiary, JAJI Global, has filed for an IPO on the Nasdaq Capital Market. JAJI, which specializes in IT services for automotive and securities industries, currently has 10 million shares, with CLPS holding a 60% stake. Aegis Capital Corp. will act as the sole underwriter.
The IPO proceeds will fund product development, M&A activities, global expansion, and operations. JAJI offers IT consulting, business management services, and proprietary IT solutions. While the exact number of shares and price range are yet to be determined, CLPS expects to maintain a significant voting and economic interest post-IPO.
CLPS Incorporation (Nasdaq: CLPS) has appointed Sarah Wu as Non-Executive Director of Qinson Credit Card Services (QCC), its wholly-owned subsidiary focusing on fintech payment systems. Wu brings extensive fintech experience, having served as General Manager for North Asia at Fiserv, Head of Sales at Visa for Greater China, and Vice President at MasterCard. Her role will involve overseeing strategic initiatives, shaping QCC's vision, and driving its transformation into a global fintech company. Wu holds an MBA from California State University and is pursuing a Ph.D. in Health Management at the University of Montpellier.
CLPS Incorporation (Nasdaq: CLPS) has announced a special cash dividend of $0.13 per share of common stock, marking the third consecutive fiscal year of such payment. The dividend, totaling approximately $3.6 million, will be payable on November 12, 2024, to shareholders of record as of November 4, 2024. CEO Raymond Lin emphasized that this decision reflects confidence in the company's future while maintaining focus on core business, pursuing growth opportunities in emerging sectors, and strengthening international presence. Future dividend declarations will be based on various factors including financial position, operations, and market conditions.
CLPS Incorporation reported financial results for the second half and full year of fiscal 2024. Despite challenges, the company demonstrated resilience:
- Revenue from customized IT solution services increased by 40.0% to $1.9 million
- Revenue generated outside of mainland China increased by 48.0% to $13.3 million
- Gross profit increased by 7.3% to $17.2 million
- Net loss was $0.9 million, compared to a net loss of $1.2 million in the prior year period
For the full fiscal year 2024:
- Revenue generated outside of mainland China increased by 37.9% to $22.3 million
- Accounts receivable turnover period improved to 111 days
- Net cash provided by operating activities was $8.9 million
The company expects total sales growth of 12% to 17% and non-GAAP net income growth of 15% to 20% for fiscal year 2025.
CLPS Incorporation (Nasdaq: CLPS) has announced that it will release its second half and full year financial results for fiscal 2024 before the market opens on Friday, October 18, 2024. This announcement provides investors and analysts with a specific date to anticipate the company's financial performance disclosure for the latter half of the fiscal year as well as the entire fiscal 2024 period.
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