HONG KONG, March 25, 2025 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the establishment of its wholly-owned subsidiary, PT Ridik Fintech Services ("Ridik Indonesia") in Jakarta, Indonesia. This strategic move accelerates CLPS's regional footprint in Southeast Asia (SEA), reinforcing tailored IT solutions to local enterprises while advancing smart ecosystem development for Indonesia's domestic market. In a report by the U.S. International Trade Administration1 ...

Core Viewpoint - CLPS Incorporation reported significant financial improvements in the first half of fiscal year 2025, driven by strategic initiatives in global expansion and industry diversification, resulting in a revenue increase of 15.3% year-over-year and a turnaround in profitability [4][9][10]. Financial Performance - Revenue for the first half of fiscal 2025 increased by $11.0 million, or 15.3%, to $82.8 million from $71.8 million in the prior year period [11]. - Gross profit rose by $3.4 million, or 21.6%, to $19.2 million, with gross margin expanding to 23.1% from 21.9% [17]. - Operating income was $0.2 million compared to an operating loss of $0.9 million in the same period of the previous year [21]. - Net income was $0.2 million, a significant improvement from a net loss of $1.0 million in the prior year [24]. Revenue Breakdown - Revenue generated outside of mainland China surged 110.4% to $19.0 million from $9.0 million, primarily due to strong performance in the APAC region [5][14]. - Revenue from IT consulting services increased by $10.6 million, or 15.2%, to $80.1 million, accounting for 96.7% of total revenue [16]. - Revenue from the banking area increased by $4.9 million, or 17.0%, to $33.5 million, while revenue from wealth management decreased by $3.2 million, or 17.3%, to $15.4 million [16]. Strategic Initiatives - The company intensified investments in proprietary product development by establishing the China Development Center (CDC) and Global Testing Center (GTC) to enhance technological capabilities [2]. - The launch of the next-generation RPA product, Nibot, is highlighted as a key innovation driving client value and operational efficiency [7]. Operational Efficiency - Selling and marketing expenses decreased by 10.0% to $2.5 million, reflecting improved efficiency through AI-driven automation and workforce optimization [18]. - General and administrative expenses increased by 26.2% to $14.1 million, primarily due to higher personnel-related costs linked to the establishment of the CDC and GTC [20]. Cash Flow and Outlook - As of December 31, 2024, the company had cash and cash equivalents of $35.6 million, up from $29.1 million as of June 30, 2024 [27]. - The company expects total sales growth for fiscal year 2025 to be in the range of approximately 12% to 17% and non-GAAP net income growth in the range of approximately 15% to 20% year-over-year [29].

HONG KONG, Feb. 26, 2025 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that it will release its financial results for the six months ended December 31, 2024, or the first half of the Company's fiscal year 2025, before the market opens on Wednesday, March 5, 2025. About CLPS Incorporation Headquartered in Hong Kong, CLPS Incorporation is a leading global information technology ("IT") consulting and solutions service provider, primarily focused on serving global ...

HONG KONG, Feb. 21, 2025 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the formation of the CLPS AI Innovation Committee (CAIC). Led by Mr. Raymond Lin, CLPS's CEO, CAIC is responsible for the strategic planning, implementation, and value realization of artificial intelligence (AI) technologies across the Company's projects and client deliveries, developing high-quality, efficient, and intelligent solutions.According to IDC's report[1], the worldwide spending o ...

HONG KONG, Feb. 7, 2025 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the launch of Nibot, a new generation of Robotic Process Automation (RPA) product developed by its wholly owned subsidiary, CLPS Technology (Singapore) Pte. Ltd. This powerful and cost-effective solution offers broad applicability and will primarily target international market and Hong Kong market.Nibot is built upon CLPS's years of technological expertise in RPA, offering comprehensive funct ...

HONG KONG, Dec. 19, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its majority-owned subsidiary, JAJI Global Incorporation ("JAJI"), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of JAJI's ordinary shares. Following the offering, CLPS expects to hold a significant voting interest in JAJI along with a corresponding economic interest in its subsi ...

HONG KONG, Nov. 22, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the appointment of Ms. Sarah Wu as a Non-Executive Director of Qinson Credit Card Services Limited("QCC"), a wholly-owned subsidiary of CLPS. QCC provides fintech services with a focus on payment systems.Ms. Wu will oversee strategic initiatives to drive QCC's development, shape its vision and trajectory, and accelerate its transformation into an agile and innovative global fintech company.M ...

HONG KONG, Oct. 24, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its Board of Directors has declared a special cash dividend of $0.13 per share of common stock, marking the third consecutive fiscal year of such a payment. It is payable on November 12, 2024 to shareholders of record as of November 4, 2024. The aggregate amount of the payment to be made in connection with this special cash dividend will be approximately $3.6 million.Mr. Raymond Lin, Ch ...

HONG KONG, Oct. 18, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its financial results for the six months ended June 30, 2024 and full year of fiscal 2024.Fiscal year 2024 presented unique challenges due to global economic uncertainties and industry-wide layoffs. Despite these headwinds, CLPS demonstrated resilience and strategic foresight. We proactively adjusted our operations to navigate these complexities, positioning ourselves for continued growth. O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 f ...