CLPS Incorporation provides information technology, consulting, and solutions services to institutions operating in banking, insurance, and financial sectors in the People's Republic of China, the United States, Europe, Australia, Southeast Asia, and Hong Kong SAR. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management. The company also provides core banking services, including business analysis, system design, development, testing, system maintenance, and operation support; and services in loans, deposit, general ledger, wealth management, debit card, anti-money-laundering, statement and reporting, and risk management, as well as architecture consulting services for core banking systems, and online and mobile banking. In addition, it offers solutions in the field of wealth management; e-commerce solutions in online platforms, cross-border e-commerce, logistics, and back-end technology, such as big data analysis, and intelligent decision-making among others; and driving, automatic control, and other AI-driven technology solutions for the automotive industry. Further, the company provides IT consulting services to its clients in the banking, wealth management, e-commerce, and automotive industries, among others; and software project development, maintenance, and testing solution services, including COBOL, Java, .NET, Mobile, and other technology applications. Additionally, it offers CLPS Virtual Banking platform, a training platform for IT talents owned by CLPS; recruitment and headhunting, as well as fee-for-service training services; and sells product and third-party software. The company was founded in 2005 and is headquartered in Kwun Tong, Hong Kong.
IPO Year: 2018
Exchange: NASDAQ
Website: clpsglobal.com
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, Chief Executive Officer of CLPS, commented, "In light of our recent stock performance, the Board of Directors has decided to declare another round of special cash dividend for our sharehold
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. Our dual-engine strategy, focused on expanding our global reach and diversifying into new industry segments, proved instrumental in achieving this goal. In addition, the increasing demand
HONG KONG, Oct. 11, 2024 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or the "Company"), today announced that it will release its second half and full year of fiscal 2024 financial results before the market opens on Friday, October 18, 2024. About CLPS Incorporation Headquartered in Hong Kong, CLPS Incorporation is a global leading information technology ("IT") consulting and solutions service provider focused on delivering services primarily to global institutions on the banking, wealth management, e-commerce, and automotive sectors. The Company serves as an IT service provider to a growing network of clients in the global financial service industry, including large financial
HONG KONG, Sept. 9, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced that it has received a written notice ("Notification") from the Nasdaq Stock Market LLC ("Nasdaq") informing that the Company has regained compliance with the Nasdaq's minimum bid price requirement. According to the Notification, the minimum bid price of the Company's common share was $1.00 per share or greater for the last 10 consecutive trading days from August 22 through September 5, 2024. As a result, CLPS has regained full compliance with Nasdaq's Listing Rule 5450(a)(1), and the matter is now closed. About CLPS Incorporation Headquartered in Hong Kong, CLPS Incorporation
HONG KONG, Aug. 27, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) announced today the successful grand opening of its wholly-owned Singapore-based learning institution, College of Allied Educators Pte. Ltd. ("CAE"). This milestone marks a strategic move to vertically integrate the Company's business with academic education. The opening ceremony brought together distinguished leaders and industry experts from various sectors. Attendees included Dr. Han Jun, Minister Counsellor (Educational Affairs) of the Embassy of the People's Republic of China in Singapore; Mr. Paul Xiaofeng Yang, Chairman of CLPS; Mr. Raymond Minghui Lin, CEO of CLPS and Chairman of CAE;
HONG KONG, Aug. 7, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced that, through its wholly-owned subsidiary, CLPS Investment Management Ltd., it established Ridik Technology Ltd. ("Ridik Dubai"), in Dubai, United Arab Emirates, on July 31, 2024. This strategic move aims to deepen the Company's global expansion strategy and tap into the thriving Middle East market by providing advanced IT services and solutions to local and international business. The Middle East region is undergoing rapid digital transformation, driving substantial growth in IT spending. According to Gartner[1], IT spending in the Middle East is projected to grow by 5.2% in 2
HONG KONG, July 2, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced the organizational restructuring with the appointment of Chief Operating Officer ("COO"), Mr. Henry Li Li, as the President of the Company, effective immediately. Mr. Li will transition from his COO role to exclusively assume the responsibilities of the President, and he will report directly to the Board of Directors (the "Board"). Since joining CLPS in 2019, Mr. Li has been instrumental in driving the Company's continued growth and innovation. As COO, he has implemented advanced technologies and optimized processes to significantly enhance operational efficiency and productivi
HONG KONG, June 14, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced that it received a written notice from The Nasdaq Stock Market LLC ("Nasdaq") dated June 10, 2024, indicating that the Company's closing bid price for its common shares fell below $1.00 per share for 30 consecutive trading days, which is not in compliance with Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification does not affect CLPS's current listing or trading of the Company's securities on the Nasdaq Global Market. Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, until December 9, 2024, to regain complia
HONG KONG, June 13, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced that, through its wholly-owned subsidiary, Ridik Pte. Ltd. ("Ridik"), it has acquired 100% of the equity of Shell Infotech Pte. Ltd. and its wholly-owned subsidiary Shell Infotech Consulting Sdn. Bhd. (collectively, "Shell Infotech"). This acquisition expands CLPS's client base and market share in Southeast Asia while strengthening its core IT competencies and service offerings, solidifying its commitment to global expansion. Established in 2003 and headquartered in Singapore, Shell Infotech is a leading IT consulting and managed services provider. Over the years, Shell Infote
HONG KONG, May 17, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), honors IBM's 60th anniversary in the mainframe industry and its unwavering commitment to fostering future talents. Since the 1964 launch of its first modern mainframe, the IBM System/360, IBM's dedication to reliability, security, and performance has made mainframe a cornerstone of global digital transformation for large enterprises. This milestone coincides with its launch of Mainframe Skills Council, a global initiative promoting a skilled and diverse mainframe workforce. For nearly two decades, CLPS has been actively developing exceptional mainframe talents. Leveraging its deep knowledge a
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HONG KONG, July 2, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced the organizational restructuring with the appointment of Chief Operating Officer ("COO"), Mr. Henry Li Li, as the President of the Company, effective immediately. Mr. Li will transition from his COO role to exclusively assume the responsibilities of the President, and he will report directly to the Board of Directors (the "Board"). Since joining CLPS in 2019, Mr. Li has been instrumental in driving the Company's continued growth and innovation. As COO, he has implemented advanced technologies and optimized processes to significantly enhance operational efficiency and productivi
HONG KONG, Aug. 12, 2022 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced the appointment of Mr. Srustijeet Mishra as the CEO of CLPS Technology (California) Inc. ("CLPS California"), a wholly-owned subsidiary of the Company. He will be fully responsible for the development and management of business activities in the U.S. market, and will continue to serve as the CEO of the Company's business entities in the Southeast Asia region (referred to collectively as "CLPS SEA"). Mr. Mishra was the founder of Ridik, a Singapore-based IT services provider. He officially joined the Company upon initial acquisition of 80% of Ridik's equity stake in September 2
HONG KONG, Jan. 4, 2021 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today released a letter to shareholders from the Chairman of the Company's Board of Directors (the "Board"), the full text of which is provided below. All CLPS shareholders are encouraged to read it. Dear Shareholders, On behalf of the Board, I wish you a happy and safe new year! In 2020, CLPS celebrated its 15th anniversary since its establishment. It was also a challenging year that forced most people to adopt to new realities. Despite this unprecedented year, we remained on track with our growth strategy such as global business expansion, continuous talent supply development, successful
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CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced that, through its wholly-owned subsidiary, Ridik Pte. Ltd. ("Ridik"), it has acquired 100% of the equity of Shell Infotech Pte. Ltd. and its wholly-owned subsidiary Shell Infotech Consulting Sdn. Bhd. (collectively, "Shell Infotech"). This acquisition expands CLPS's client base and market share in Southeast Asia while strengthening its core IT competencies and service offerings, solidifying its commitment to global expansion.
CLPS (NASDAQ:CLPS) reported quarterly earnings of $0.05 per share. This is a 64.29 percent decrease over earnings of $0.14 per share from the same period last year. The company reported $71.77 million in sales this quarter. This is a 6.50 percent decrease over sales of $76.76 million the same period last year.
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Gainers Ostin Technology Group (NASDAQ:OST) stock rose 88.7% to $1.3 during Friday's after-market session. The market value of their outstanding shares is at $18.2 million. Mawson Infra Gr (NASDAQ:MIGI) stock increased by 6.38% to $2.0. The market value of their outstanding shares is at $33.2 million. X3 Holdings (NASDAQ:XTKG) stock increased by 6.21% to $0.82. The market value of their outstanding shares is at $4.4 million. Focus Universal (NASDAQ:FCUV) stock increased by 4.99% to $0.47. The market value of their outstanding shares is at $30.5 million. Evolv Technologies (NASDAQ:EVLV) stock increased by 4.97% to $5.49. The company's market cap stands at $829.7 million. CLPS (NASDAQ:CL
Shares of The Trade Desk, Inc. (NASDAQ:TTD) shares rose sharply in today’s pre-market trading after the company reported mixed fourth-quarter financial results. The Trade Desk reported quarterly earnings of 41 cents per share which missed the analyst consensus estimate of 43 cents. The company reported quarterly sales of $605.8 million, beating the analyst consensus estimate of $582.17 million. The company also announced that its board of directors approved an additional $647 million under its share repurchase program. Trade Desk shares jumped 19% to $90.11 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers Tarena International, Inc. (NASDAQ:TCTM)
CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced that, through its wholly-owned subsidiary CLPS Technology (Singapore) Pte. Ltd., it has acquired 100% of the equity of College of Allied Educators Pte. Ltd. ("CAE"), a Singapore-based learning institution. This significant milestone marks a new phase in CLPS's Talent Creation Program ("TCP") and Talent Development Program ("TDP") strategy.Established in 2004 and strategically located in the heart of Singapore's Central Business District, CAE has earned an outstanding reputation with its registration in the Committee for Private Education ("CPE") and certifications from professional organizations such as EduTrust, the
CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced that its wholly-owned subsidiary, Qinson Credit Card Services Limited ("QCC"), has successfully acquired 100% equity of Purple Potato Finance Limited ("Purple Potato"). This strategic move enables CLPS to broaden its credit card business within the Hong Kong market.Established in 2017, Purple Potato is a licensed money lender, qualifying it to provide loan services in the Hong Kong region.QCC boasts a workforce of hundreds of experienced professionals and a dedicated team responsible for the development and operation of its scalable credit card V+ system. Its expertise extends across various countries, currencies, an
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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, Chief Executive Officer of CLPS, commented, "In light of our recent stock performance, the Board of Directors has decided to declare another round of special cash dividend for our sharehold
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. Our dual-engine strategy, focused on expanding our global reach and diversifying into new industry segments, proved instrumental in achieving this goal. In addition, the increasing demand
HONG KONG, June 13, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS) today announced that, through its wholly-owned subsidiary, Ridik Pte. Ltd. ("Ridik"), it has acquired 100% of the equity of Shell Infotech Pte. Ltd. and its wholly-owned subsidiary Shell Infotech Consulting Sdn. Bhd. (collectively, "Shell Infotech"). This acquisition expands CLPS's client base and market share in Southeast Asia while strengthening its core IT competencies and service offerings, solidifying its commitment to global expansion. Established in 2003 and headquartered in Singapore, Shell Infotech is a leading IT consulting and managed services provider. Over the years, Shell Infote
HONG KONG, March 5, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced its unaudited financial results for the six months ended December 31, 2023, or the first half of the Company's fiscal year 2024. During this period, CLPS navigated a challenging global economic landscape due to factors such as economic slowdown and the impact of exchange rate fluctuation between the RMB and the U.S. dollar, given its reporting currency. While these factors impacted business development, they also provided valuable insights and strengthened the Company's ability to navigate such dynamic environments. Observing a temporary reduction in demand for certain IT ser
HONG KONG, Jan. 9, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced that, through its wholly-owned subsidiary CLPS Technology (Singapore) Pte. Ltd., it has acquired 100% of the equity of College of Allied Educators Pte. Ltd. ("CAE"), a Singapore-based learning institution. This significant milestone marks a new phase in CLPS's Talent Creation Program ("TCP") and Talent Development Program ("TDP") strategy. Established in 2004 and strategically located in the heart of Singapore's Central Business District, CAE has earned an outstanding reputation with its registration in the Committee for Private Education ("CPE") and certifications from profes
HONG KONG, Nov. 22, 2023 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced that its Board of Directors has declared a special cash dividend of $0.10 per share of common stock. It is payable on December 13, 2023 to shareholders of record as of December 4, 2023. The aggregate amount of the payment to be made in connection with this special cash dividend will be approximately $2.56 million. This special cash dividend follows the Company's initial special cash dividend of $0.05 per share, paid on January 10, 2023. Mr. Raymond Lin, Chief Executive Officer of CLPS, commented, "Ensuring returns for our valued shareholders is a paramount responsibility that
HONG KONG, March 3, 2023 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (NASDAQ:CLPS), today announced its unaudited financial results for the six months ended December 31, 2022, or the first half of the Company's fiscal year 2023. During this period, the global economy and international affair conditions have changed considerably, including the Federal Reserve interest rate hikes and changes in China's COVID conditions and policies, among others. This unprecedented chain of events had impacted both the macro and micro economies. The Company experienced direct and indirect effects on its business development, including the impact of exchange rate fluctuation between the RMB and
HONG KONG, Feb. 24, 2023 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it plans to release its first half of fiscal 2023 financial results before the market opens on Friday, March 3, 2023. The Company will hold a conference call at 8:30 am ET (9:30 pm Beijing time) on the same day, to discuss its first half of fiscal 2023 financial results, business highlights, and company outlook. Listeners may access the call by dialing: U.S. Toll-Free: +1-877-423-9813U.S. Local/International: +1-201-689-8573Mainland China: 400 120 2840Hong Kong: 800 965 561 Listeners may also click this Call me™ link, which will be available 15 minutes prior to scheduled
HONG KONG, Feb. 6, 2023 /PRNewswire/ -- CLPS Incorporation (NASDAQ:CLPS) ("CLPS" or "the Company"), today released a letter to shareholders from the Chairman of the Company's Board of Directors (the "Board"), the full text of which is provided below. All CLPS shareholders are encouraged to read it. Dear Shareholders, The Board of CLPS wishes you a prosperous Year of the Rabbit! Our business has remained resilient despite various macroeconomic disruptions in 2022. We are proud of our accomplishments primarily driven by our dedicated employees and management team, along with the effectiveness of our strategy. We achieved milestones in our topline growth, product development, strategic partners
HONG KONG, Dec. 14, 2022 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that on December 14, 2022, its Board of Directors has approved and declared a special cash dividend of $0.05 per share payable on January 10, 2023 to shareholders of record as of December 29, 2022. The aggregate amount of the payment to be made in connection with this special cash dividend will be approximately $1.18 million. "This special cash dividend reflects the strength of our business, continued confidence in our long-term outlook, and commitment to returning capital to shareholders," said Mr. Raymond Lin, Chief Executive Officer of CLPS. "Going forward, we remain commi