Business
CLPS Incorporation Reports Financial Results for the Second Half and Full Year of Fiscal 2021
HONG KONG, Oct. 15, 2021 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its financial results for the six months
About this update from Clps Incorporation
[{"type":"text","content":"HONG KONG, Oct. 15, 2021 /PRNewswire/ -- CLPS Incorporation (the \"Company\" or \"CLPS\") (Nasdaq: CLPS), today announced its financial results for the six months ended June 30, 2021 and full year of fiscal year 2021.\nUnaudited Second Half of Fiscal 2021 Highlights (all results compared to the six months ended June 30, 2020) \nRevenues increased by 44.6% to $67.7 million from $46.8 million. Revenue from IT consulting services increased by 43.2% to $65.2 million from $45.5 million. Revenue from e-Commerce area increased by 101.2% to $11.5 million from $5.7 million. Revenue from automotive area increased by 204.5% to $5.0 million from $1.6 million. Operating income increased by 417.9% to $3.4 million from $0.7 million. Net income increased by 166.0% to $2.1 million from $0.8 million. Net income attributable to CLPS Incorporation's shareholders increased by 243.7% to $2.0 million, or $0.11 basic and $0.10 diluted earnings per share, compared to net income attributable to CLPS Incorporation's shareholders of $0.6 million, or $0.04 basic and diluted earnings per share. Non-GAAP net income attributable to CLPS Incorporation's shareholders1 increased by 59.4% to $5.6 million, or $0.30 basic and $0.29 diluted earnings per share, compared to $3.5 million, or $0.23 basic and diluted earnings per share. Please refer to \"Use of Non-GAAP Financial Measures\" section for the discussion of such measures used in this press release.Audited Fiscal Year 2021 Highlights (all results compared to the twelve months ended June 30, 2020) \nRevenues increased by 41.0% to $126.1 million from $89.4 million. Revenue from IT consulting services increased by 40.3% to $122.3 million from $87.1 million. Revenue from e-Commerce area increased by 72.5% to $19.2 million from $11.1 million. Revenue from automotive area increased by 132.0% to $8.5 million from $3.6 million. Operating income increased by 161.2% to $8.4 million from $3.2 million. Net income increased by 127.9% to $7.0 million from $3.1 million. Net income attributable to CLPS Incorporation's shareholders increased by 132.0% to $6.8 million, or $0.39 basic and diluted earnings per share, compared to net income attributable to CLPS Incorporation's shareholders of $2.9 million, or $0.20 basic and diluted earnings per share. Non-GAAP net income attributable to CLPS Incorporation's shareholders1 increase...