CLPS Incorporation - CLPS STOCK NEWS

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.

CLPS Incorporation (Nasdaq: CLPS) announced the completion of a Capital Increase Agreement with Minshang Creative Technology Holdings Limited, giving them a 53.33% stake in MSCT Investment Holdings Limited. This partnership will focus on developing a next-generation loan trading SaaS solution and exploring global fintech services. The software, designed for personal loans and mortgages, is expected to launch in Hong Kong and Southeast Asia by early 2022, with expansion into Japan and the U.S. planned thereafter.

CLPS Incorporation (Nasdaq: CLPS) has released a letter to shareholders detailing its commitment to transparency, corporate governance, and global expansion. The company reported a 53.9% increase in overseas revenue, reaching $6.6 million for the six months ending December 31, 2020. CLPS has formed strategic partnerships, including a joint venture in blockchain technology and cooperation agreements for financial software in Southeast Asia. The company emphasizes sustainable growth while thanking its stakeholders for their support.

CLPS Incorporation (Nasdaq: CLPS) announced a strategic investment, acquiring a 15% ownership stake in Beijing UniDev Software Co., Ltd. through its subsidiary ChinaLink Professional Services. This partnership aims to enhance CLPS's IT solution delivery capabilities, focusing on digital transformation solutions for banks and companies in Mainland China. Both companies intend to collaborate on R&D for technology-based products, which is expected to drive revenue and expand market share domestically and internationally.