Business
CLPS Incorporation Releases Chairman's Letter to the Company's Shareholders
SHANGHAI, May 28, 2019 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), a leading information technology consulting and solutions
About this update from Clps Incorporation
[{"type":"text","content":"SHANGHAI, May 28, 2019 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) (\"CLPS\" or \"the Company\"), a leading information technology consulting and solutions service provider focusing on the banking, insurance, and financial sectors in China and globally, today released a letter to shareholders from the Chairman of the Company's Board of Directors, the full text of which is provided below. All CLPS shareholders are encouraged to read it.\nDear Shareholders,\nIt is with great pleasure that we mark our first anniversary as a publicly traded company listed on the NASDAQ Stock Market. During this period, we have seen an increasing demand for financial IT services and solutions not only in China, but also globally, especially in the areas of artificial intelligence, blockchain, big data, and cloud applications. These technological innovations enable businesses to improve operational efficiency and reduce operating costs. In addition, demand for professional IT talent in these areas has increased. As we continue to grow, we are constantly improving our understanding of the financial IT services and solutions needs in China and globally, and working on meeting such needs. \nAt CLPS, we value our shareholders. I would like to share with you our summary of the Company's recent achievements and our vision of its future plans. In this first year since our listing on the NASDAQ Stock Market on May 24, 2018, CLPS has gained more attention and support from our existing clients, and we have been able to win new clients. The Company's management team participated in several investor conferences in the U.S. to share our story with the investor community. For the first half of fiscal year 2019, CLPS reported a 38.7% revenue increase year over year. In addition, we achieved significant growth in our client base and business deals, made further progress on our advanced technology research, gained positive feedback from our clients for our solution services, delivered thousands of hours of training to our IT professional and management staff, and improved our corporate governance. We also drove our global expansion strategy forward with mergers and acquisitions. \nThe details of our achievements are as follows:\n1. Performance growth \nDuring our first year as a publicly traded company, CLPS has significantly expanded its overseas and domestic c...