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CLPS Incorporation - CLPS STOCK NEWS

Welcome to our dedicated page for CLPS Incorporation news (Ticker: CLPS), a resource for investors and traders seeking the latest updates and insights on CLPS Incorporation stock.

CLPS Incorporation (Nasdaq: CLPS) is a leading global provider of information technology (IT) consulting and solutions, specializing in banking, insurance, and financial services. Founded in 2005, the company has grown to serve a diverse clientele, including mid-size firms and Fortune 500 companies like Bank of America, Standard Chartered, and Sony.

Headquartered in Hong Kong, CLPS operates through 20 delivery and research & development centers worldwide, from the US and Europe to Asia and Australia. The firm offers a comprehensive range of services, focusing on IT consulting, customized IT solutions, and software products such as a Risk Control Platform, Transaction Acquiring Platform, and a Virtual Bank Training Platform.

Recent Achievements:

  • Development of an innovative quantitative trading system for retail investors, leveraging algorithmic models for enhanced investment efficiency and risk control.
  • Launch of an AI-generated content (AIGC) solution to improve project execution speed and reduce talent acquisition costs.
  • Successful acquisition of Purple Potato Finance in Hong Kong to expand its credit card business.
  • Acquisition of College of Allied Educators in Singapore to bolster its Talent Creation and Development Programs.

Despite global economic challenges, CLPS has managed steady financial performance through strategic innovations, acquisitions, and a strong focus on talent development. The company reported increased revenues from its global operations and a notable growth in its US business, reflecting its successful global expansion strategy.

News

CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2024

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CLPS Incorporation (CLPS) reports unaudited financial results for the first half of fiscal year 2024, highlighting revenue growth in the United States, overseas markets, and automotive sector. Despite economic challenges and demand fluctuations, CLPS strategically acquires new clients, manages compensation expenses, and focuses on global expansion and technology investments. The company's financial performance shows positive trends in revenue diversification, operating expenses reduction, and consecutive positive cash flow from operations.
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CLPS Incorporation to Announce First Half of Fiscal 2024 Financial Results

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CLPS Incorporation (CLPS) to Release Financial Results for the First Half of Fiscal Year 2024
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CLPS Incorporation Acquires College of Allied Educators in Singapore, Bolstering TCP and TDP Strategy

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CLPS Incorporation (CLPS) (Nasdaq: CLPS) has acquired 100% equity of College of Allied Educators Pte. Ltd. (CAE), a Singapore-based learning institution. This strategic acquisition aims to enhance CLPS's Talent Creation Program and Talent Development Program, leveraging its expertise in education and training to provide comprehensive support to CAE and develop skilled bilingual talents. The acquisition is expected to result in tailored career pathways for students, job opportunities for graduates, and higher quality deliverables for CLPS clients.
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CLPS Incorporation Expands Overseas Credit Card Business with the Acquisition of Purple Potato Finance

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CLPS Incorporation (CLPS) (Nasdaq: CLPS) announced that its subsidiary, Qinson Credit Card Services Limited, has acquired 100% equity of Purple Potato Finance Limited, a licensed money lender in Hong Kong. This strategic move aims to broaden CLPS's credit card business in the Hong Kong market, leveraging QCC's expertise and Purple Potato's money lending license.
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CLPS Incorporation Declares Second Special Cash Dividend of $0.10 Per Share

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CLPS Incorporation (CLPS) (Nasdaq: CLPS) has declared a special cash dividend of $0.10 per share of common stock, payable on December 13, 2023, to shareholders of record as of December 4, 2023. The aggregate amount of the payment will be approximately $2.56 million. This follows the Company's initial special cash dividend of $0.05 per share, paid on January 10, 2023. Mr. Raymond Lin, CEO of CLPS, emphasized the company's commitment to shareholder returns without impeding operational capabilities, including potential M&A and business expansion initiatives.
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CLPS Incorporation Reports Financial Results for the Second Half and Full Year of Fiscal 2023

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CLPS Incorporation announces financial results for H2 2023 and FY 2023
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CLPS Incorporation to Announce Second Half and Full Year of Fiscal 2023 Financial Results

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CLPS Incorporation to release fiscal 2023 financial results
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CLPS Incorporation Launches AIGC Intelligent Automation Solution, Optimizing Delivery Costs through LLM and Generative AI

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CLPS Incorporation Announces the Development of a Quantitative Trading System for Retail Investors to Expand Opportunities in Investment Area

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CLPS Incorporation Announces Developing New Smart Cockpit Product to Drive Intelligent Transformation in the Automotive Industry

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FAQ

What is the current stock price of CLPS Incorporation (CLPS)?

The current stock price of CLPS Incorporation (CLPS) is $1.165 as of November 20, 2024.

What is the market cap of CLPS Incorporation (CLPS)?

The market cap of CLPS Incorporation (CLPS) is approximately 32.3M.

What does CLPS Incorporation specialize in?

CLPS specializes in IT consulting and solutions for banking, insurance, and financial sectors.

Where is CLPS headquartered?

CLPS is headquartered in Hong Kong.

Who are some of CLPS's major clients?

CLPS's clients include Bank of America, Standard Chartered, Sony, and other Fortune 500 companies.

What recent innovations has CLPS launched?

Recent innovations include a quantitative trading system for retail investors and an AI-generated content (AIGC) solution.

What strategic acquisitions has CLPS made recently?

CLPS has acquired Purple Potato Finance in Hong Kong and College of Allied Educators in Singapore.

How does CLPS support talent development?

CLPS supports talent development through its Talent Creation and Talent Development Programs, integrating education, training, and service delivery.

How does CLPS generate its revenue?

CLPS generates revenue from IT consulting services, customized IT solutions, and related software products.

What are some of the software products offered by CLPS?

Software products include a Risk Control Platform, Transaction Acquiring Platform, and Virtual Bank Training Platform.

Where are CLPS's global delivery centers located?

CLPS has delivery centers in locations including the US, Europe, Australia, Southeast Asia, and various cities in Mainland China.

How does CLPS incorporate advanced technology?

CLPS invests in advanced technology, including AI and big data, to enhance project execution and reduce costs.

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CLPS Incorporation

Nasdaq:CLPS

CLPS Rankings

#5094 Ranked by Market Cap
N/A Ranked by Dividends

CLPS Stock Data

32.30M
11.87M
57.35%
0.1%
0.06%
Information Technology Services
Technology
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United States of America
Kwun Tong