CLPS Incorporation - CLPS STOCK NEWS

CLPS Incorporation (Nasdaq: CLPS) announced progress on its robotic process automation (RPA) solutions, highlighting significant improvements in operational efficiency for clients, particularly in sectors like finance and logistics. Since 2018, CLPS has developed RPA solutions that streamline operations, reduce costs, and enhance transaction accuracy. The company aims to integrate artificial intelligence with RPA, as the demand for digital transformations rises. CLPS continues to innovate in RPA technology while maintaining its commitment to delivering customized services to clients.

CLPS Incorporation (Nasdaq: CLPS) announced significant updates regarding its global expansion strategy on April 15, 2021. The company established a subsidiary in the Philippines, enhancing its presence in Southeast Asia, where it reported a 53.9% increase in overseas revenue to $6.6 million for the six months ended December 31, 2020. Amidst the COVID-19 pandemic, CLPS maintained operational stability while providing IT services in the fintech sector. Additionally, the company is pursuing mergers and acquisitions to support business growth.

CLPS Incorporation (Nasdaq: CLPS) announced an upgraded digital marketing solution aimed at enhancing client engagement and business performance. This solution addresses the increased demand for digital transformation, driven by the COVID-19 pandemic, and is designed to lower marketing costs while boosting customer acquisition. It focuses on industries like banking, e-commerce, and automotive, providing a diversified service portfolio. The enhancement aligns with CLPS's commitment to advanced IT solutions, promising further growth in its digital marketing capabilities.

CLPS Incorporation (Nasdaq: CLPS) reported significant growth in its first half of fiscal year 2021, with a 37% increase in revenue compared to the previous year, driven by robust demand for IT services. The company achieved a massive 213.5% rise in operating profit and a 114.9% rise in net income YoY. Looking ahead, CLPS aims for a revenue increase of 30-35% and a non-GAAP net income growth of 60-65% for the full fiscal year. CLPS also plans to expand its global operations and invest in talent development, emphasizing innovative technologies to enhance client services.

CLPS Incorporation (Nasdaq: CLPS) reported impressive first-half fiscal 2021 results, with revenues soaring by 37.0% to $58.3 million, up from $42.6 million a year earlier. Operating income surged by 213.5% to $3.9 million, while net income exploded 114.9% to $4.9 million. The company adjusted its non-GAAP net income guidance for fiscal 2021 upwards to 60%-65% from 32%-37%.

The growth was driven by increased demand in IT consulting services, which represented 97.8% of total revenue. CLPS is optimistic about continuing this momentum.

CLPS Incorporation (Nasdaq: CLPS) announced a securities purchase agreement on February 28, 2021, to offer approximately $16.0 million worth of common stock and warrants. The offering will consist of 2,666,666 shares priced at $6.00 each, with warrants allowing the purchase of an additional 2,666,666 shares at the same price. The transaction is expected to close on or about March 3, 2021. Maxim Group LLC acts as the sole placement agent for this registered direct offering.

CLPS Incorporation (Nasdaq: CLPS) has announced its plans to release the first half of fiscal 2021 financial results on March 5, 2021, prior to market opening. A conference call is scheduled for 8:30 am ET that same day, where management will discuss financial results, business highlights, and company outlook. Interested parties can access the call via telephone or through a live webcast. CLPS focuses on IT consulting solutions for the banking and financial service sectors with a global footprint, including 19 delivery centers.

CLPS Incorporation (Nasdaq: CLPS) announced a vendor agreement with a prominent U.S. digital payment platform through its subsidiary, CLPS Technology Inc. The contract involves IT services such as data analysis and payment risk management, bolstering CLPS's international presence which is vital for growth beyond Mainland China. CEO Matthew Tang emphasized the significance of this partnership after over six years of collaboration, aligning with the company's global strategy to enhance client satisfaction.

CLPS Incorporation (Nasdaq: CLPS) announced a Master Services Agreement with a large U.S. e-commerce platform through its subsidiary, CLPS Technology Inc. The contract, which includes IT services and big data management, reinforces CLPS's long-standing relationship with the Client and marks a significant achievement in its global expansion strategy. The agreement is expected to enhance CLPS's presence in the U.S. market and enable participation in the Client's global R&D centers, demonstrating the Company's commitment as a reliable IT service provider.