Core Insights - CLPS Incorporation has made significant advancements in AI technology through its Singapore subsidiary, CLPS Technology (Singapore) Pte. Ltd., focusing on real-world applications in the financial services sector and other business verticals [1][2] - The introduction of CLPS AI solutions is expected to create new revenue streams by offering customized IT solutions that cater to the growing global demand for intelligent transformation [2] AI Solutions Overview - **AI-Powered Code Migration**: CLPS AI provides an automated framework for migrating legacy systems, such as COBOL and JCL, to modern architectures like Java and Python, reducing modernization timelines and costs [3] - **Intelligent Automated Testing**: Utilizing Natural Language Processing (NLP), CLPS AI converts requirement documents into test scenarios, improving defect detection rates and reducing testing cycles [4] - **Long-Text Intelligent Parsing**: This solution enhances compliance review efficiency by accurately analyzing complex documents, leading to reduced manual errors and improved productivity [5] - **Multilingual Customer Service Matrix**: CLPS AI integrates speech recognition and neural machine translation to offer 24/7 multilingual support, enhancing customer satisfaction and reducing operational costs [6] - **AI-OCR Contract Processing Platform**: This end-to-end solution automates contract processing, improving efficiency and accelerating business deal closures through precise clause extraction and risk alerting [7] Strategic Focus and Future Plans - The company emphasizes a "scenario-first, value-centric" development strategy, aiming to embed AI deeply into clients' core processes to deliver measurable ROI and competitive advantages [8] - The CEO highlighted a commitment to ongoing AI investment, including a strategic collaboration with an industry leader to restructure value chains and unlock long-term growth opportunities [8]

Core Insights - CLPS Incorporation has established a wholly-owned subsidiary, PT Ridik Fintech Services, in Jakarta, Indonesia, to enhance its presence in Southeast Asia and support local enterprises with tailored IT solutions [1][3] - Indonesia's digital economy is projected to exceed $130 billion by 2025, making it a critical growth market for CLPS [2] - The company reported a 101.7% year-over-year revenue increase in Southeast Asia during the first half of fiscal 2025, highlighting the region's importance as a growth driver [3] Company Overview - CLPS Incorporation, founded in 2005 and headquartered in Hong Kong, focuses on digital transformation through innovations in artificial intelligence, cloud computing, and big data [4] - The company operates across 10 countries with strategic hubs in Shanghai, Singapore, and California, providing a robust global service network [4]

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].

Core Viewpoint - CLPS Incorporation is set to release its financial results for the first half of fiscal year 2025 on March 5, 2025, before market opening [1] Company Overview - CLPS Incorporation is a leading global IT consulting and solutions service provider, primarily serving institutions in banking, wealth management, e-commerce, and automotive sectors [2] - The company has diversified its offerings beyond core IT services into sectors such as loan, e-commerce, academic education, and tourism [2] - CLPS operates 19 delivery and research & development centers across various geographic locations, including multiple centers in Mainland China and 9 global centers in regions such as the USA, Japan, and Singapore [2]

Core Insights - CLPS Incorporation has established the CLPS AI Innovation Committee (CAIC) to enhance the strategic planning and implementation of AI technologies across its projects and client services [1][3] - The global spending on AI is projected to reach $632 billion by 2028, with a compound annual growth rate (CAGR) of 29.0% from 2024 to 2028 [2] - China's AI industry has reached a core market size of approximately RMB 600 billion, indicating a significant transformation in IT services driven by AI [2] Company Developments - CAIC utilizes advanced AI tools such as OpenAI and DeepSeek to integrate AI into all stages of IT development, from demand analysis to ongoing operations [3] - The committee has a competitive edge in fintech, particularly in modernizing legacy systems for financial institutions, as demonstrated in a successful project for a Hong Kong bank [4] - The CEO of CLPS highlighted the establishment of five key innovation engines, including AI, to develop the company's AI application strategy over the next three to five years [5] Industry Context - The rapid adoption of AI and generative AI is transforming various sectors, including banking, wealth management, e-commerce, and automotive [5] - CAIC aims to optimize existing processes and reshape business logic to align technology with business strategies [5] - CLPS operates 19 delivery and research & development centers globally, serving clients in various geographic locations [6]

Core Viewpoint - CLPS Incorporation has launched Nibot, a new generation Robotic Process Automation (RPA) product aimed at enhancing business process automation and targeting international and Hong Kong markets [1][6]. Product Features - Nibot is built on CLPS's extensive RPA expertise, offering comprehensive functionality, seamless application interaction, and easy integration with third-party systems [2]. - It features an intelligent task scheduling system for flexible task allocation and multi-robot collaboration, enhancing resource utilization and automation effectiveness [2]. - The product ensures compliance with international data security standards through end-to-end encryption and role-based access control [2]. Future Integration - Nibot will integrate with AI for intelligent decision support, aiding businesses in analyzing bottlenecks and implementing improvements [3]. Competitive Advantage - Nibot includes an advanced visual process designer for rapid workflow construction, reducing the learning curve and accelerating deployment [4]. - Its scenario-based delivery model maximizes cost-effectiveness, making it versatile across sectors like finance, e-commerce, logistics, healthcare, and manufacturing [4]. Company Background - Since 2018, CLPS has focused on developing enterprise digital solutions, launching RPA solutions in 2021, and implementing projects across various industries [5]. - In 2025, CLPS is concentrating on five innovation engines: AI, low-code platforms, RPA, cloud computing, and big data, with Nibot being a key advancement [5]. - The company has received recognition from numerous clients in the financial sector for its RPA offerings [5]. Leadership Insights - The CEO of CLPS SEA & USA emphasized the product's ability to integrate advanced automation technology to enhance digital transformation for clients [6]. - The CEO of CLPS highlighted Nibot's development as a response to global RPA market demand, aiming to provide high-performance, cost-effective solutions [6].

Core Viewpoint - CLPS Incorporation's majority-owned subsidiary, JAJI Global Incorporation, has filed for an initial public offering (IPO) with the SEC, marking a significant milestone for JAJI and its future expansion plans [1][2][4] Company Overview - CLPS Incorporation is a leading global IT consulting and solutions service provider, focusing on sectors such as banking, wealth management, e-commerce, and automotive [8] - The company operates 19 delivery and research & development centers across various geographic locations, including mainland China and several international locations [8] JAJI's Business and IPO Details - JAJI specializes in IT services for the automotive and securities industries, offering advanced technology and a range of proprietary IT products [3] - The IPO aims to provide financial support for JAJI's product development, mergers and acquisitions, global expansion, and operational needs [4] - JAJI currently has a total share capital of 10,000,000 shares, with CLPS holding a 60% stake [4] Market Position and Future Plans - The IPO is expected to enhance JAJI's market competitiveness and support its long-term strategic goals [3][7] - JAJI plans to use the funds raised from the IPO to strengthen its market position and attract top talent [7]

Core Viewpoint - CLPS Incorporation has appointed Ms. Sarah Wu as a Non-Executive Director of its subsidiary Qinson Credit Card Services Limited, aiming to enhance its strategic capabilities in the fintech sector [1][5]. Company Overview - CLPS Incorporation is a leading global IT consulting and solutions service provider, focusing on sectors such as banking, wealth management, e-commerce, and automotive [6]. - The company operates 20 delivery and research & development centers across various geographic locations, including multiple centers in Mainland China and 10 global centers in regions like the USA, Japan, and Singapore [6]. Appointment of Ms. Sarah Wu - Ms. Sarah Wu has extensive experience in the fintech industry, having previously served as General Manager for North Asia at Fiserv, where she led key projects and expanded business in the Asia-Pacific region [2]. - She has held significant positions at Visa and MasterCard, focusing on payment solutions and business development in China [3]. - Ms. Wu holds an MBA and is pursuing a Ph.D. in Health Management, which, along with her international perspective, is expected to contribute to QCC's strategic approach [4]. Strategic Goals - The appointment of Ms. Wu is seen as a move to drive QCC's development and transformation into an agile and innovative global fintech company [1][5]. - The CEO of CLPS expressed confidence that Ms. Wu's expertise will enhance QCC's strategic capabilities and support its growth in the global fintech market [5].

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 ...