Clps Incorporation - CLPS STOCK NEWS

CLPS Incorporation (Nasdaq: CLPS) shared a letter to shareholders highlighting significant achievements in 2021 and optimism for 2022. The company plans to enhance its product offerings through joint ventures and increased investment, particularly in loan trading software and blockchain solutions. Financially, CLPS reported a 41% increase in operating income to $126 million, and a net income of $6.8 million, up 132% year-over-year. The company anticipates revenue growth of 30%-35% in 2022. Additionally, it aims to expand its market presence in Southeast Asia and the U.S.

CLPS Incorporation (Nasdaq: CLPS) announced a strategic cooperation agreement with Beijing Yusys Technologies Co., Ltd. on December 22, 2021. The collaboration aims at leveraging fintech initiatives, including product promotion and IT personnel training. JAJI, a majority-owned subsidiary, will integrate its training programs to support Yusys Technologies' business model. Both companies are open to capital partnerships and joint ventures, intending to expand their presence in the global fintech market. This partnership reflects JAJI's intention to enter the capital market with its upcoming IPO.

CLPS Incorporation (Nasdaq: CLPS) will present at the China Roadshow Virtual Technology Investor Conference on December 15, 2021, at 2:30 p.m. Beijing Time. The presentation will be live-streamed on major online platforms in China, including FutuBull and Tencent Stock Selection. Interested participants can visit this link to join or schedule a meeting. Presentation materials will be accessible on the Company’s investor relations website.

CLPS Incorporation (Nasdaq: CLPS) announced its subsidiary, JAJI, will apply for listing on the NEEQ and pursue a public offering at the Beijing Stock Exchange. The number of shares and pricing are yet to be determined. JAJI, operating independently in IT consulting, generated 5.4% of CLPS's total revenue in fiscal 2021. Hua Ying Securities will act as the advisor for JAJI's listing. This strategic move aims to enhance JAJI's growth and support technological advancements across various industries, including big data and AI.

CLPS Incorporation (Nasdaq: CLPS) announced a framework agreement through its subsidiary, JAJI Co., Ltd., to provide IT consulting services for a new high-end electric vehicle brand in China. The collaboration will enhance IT components for the Client's EVs, including smart-driving systems. For fiscal year ending June 30, 2021, CLPS's automotive revenue rose 132% to $8.5 million, now making up 6.7% of total revenue. This partnership is projected to bolster CLPS's growth in the automotive sector, leveraging their dual-engine strategy for market expansion.

CLPS Incorporation (Nasdaq: CLPS) announced participation in the Citi China Investor Conference, scheduled for November 1-3, 2021. The event will feature one-on-one and small group meetings, accessible through invitation and registration only. The Company, headquartered in Hong Kong, specializes in IT consulting for the banking and financial sectors, maintaining 19 delivery centers globally, including locations in the US, Europe, and China. For more details or to arrange meetings, interested parties can contact a Citi representative or visit the conference website.

On October 15, 2021, CLPS Incorporation (Nasdaq: CLPS) announced its financial results for the six months ending June 30, 2021, and the full fiscal year 2021. Revenues surged 44.6% in H2 to $67.7 million, with IT consulting services up 43.2% to $65.2 million. Net income skyrocketed 166.0% to $2.1 million. For the fiscal year, total revenues rose 41.0% to $126.1 million, with net income increasing by 127.9% to $7.0 million. The company projects 30-35% sales growth for fiscal year 2022, underlining its strong operational performance and strategic investments.

CLPS Incorporation (Nasdaq: CLPS) has announced the release of its second half and full year fiscal 2021 financial results on October 15, 2021. A conference call is scheduled for 8:30 am ET to discuss financial outcomes, business highlights, and outlook. Investors can access the call through various dialing options, including U.S. Toll-Free: +1-888-204-4368. The company, headquartered in Hong Kong, is a prominent IT consulting provider for financial services, with a global network of delivery centers.

CLPS Incorporation (NASDAQ: CLPS) announced the establishment of CLPS Technology (Philippines) Corp. in Metro Manila as part of its global expansion strategy in Southeast Asia. This subsidiary aims to support international clients and penetrate the domestic financial IT market. Following the acquisition of Ridik, CLPS has also designated Singapore as its Southeast Asia headquarters. The company appointed Srustijeet Mishra as director and president of CLPS Philippines, emphasizing the goal of enhancing service delivery to clients and exploring further opportunities for growth in the region.