SHANGHAI, March 20, 2020 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that its
growth strategies remain unaffected by the global outbreak of the
coronavirus disease (COVID-19) since January
2020. In addition, as part of the effort to combat the
COVID-19 global outbreak, CLPS has enhanced its support to its
clients in the healthcare industry. At the same time, CLPS remains
well-equipped to meet the growing demand of its services.
Upon learning about the outbreak in January, CLPS took the
initiative to establish an internal COVID-19 Outbreak Response
Group to minimize the impact of COVID-19 and to ensure the safety
of its staff. Spearheaded by the Chairman of the Company, 20
additional management staff have proactively participated in this
initiative, including the CEO, the COO, the acting CFO, the general
manager of each business group, and the functional department
heads. Since its founding, the response group has routinely
monitored employee health through the "CLPS Staff Health Status
Tracking Questionnaire" daily health survey, powered by an
independent cloud-based application. The survey helps management
understand the necessary preparations and arrangements to be made
before and after a staff member returns to work based on the
information provided in the survey, the availability of the
Company's medical resources, and local government policies, among
others. As of the date of this press release, CLPS has zero
confirmed cases of COVID-19 amongst its staff.
In addition, at the height of the COVID-19 outbreak in
China, CLPS enhanced its level of
support for services provided to its clients in the healthcare
industry, such as in the areas of research and development,
testing, and maintenance of diagnostic medical imaging equipment
including PHILIPS and AGFA. CLPS remains committed to its social
responsibilities and is dedicated to fighting against the COVID-19
outbreak.
Mr. Paul Yang, Chairman and
President of CLPS, commented, "CLPS has taken progressive
precautionary measures to ensure that our staff are protected
against the novel coronavirus while doing our best to optimize our
operations. I am confident that through cooperative and prudent
action, we can soon overcome this outbreak. This ongoing crisis has
not affected the growth strategies of CLPS thus far. We remain on
track to delivering on our growth strategies, and I would like to
extend my gratitude to our shareholders for their unwavering
support during this challenging time."
As reported in the Company's financial results for the first
half of fiscal year 2020, its revenues increased by 38.2% year over
year to $42.6 million, and net income
attributable to CLPS's shareholders was $2.4
million, or $0.17 basic and
diluted earnings per share, compared to net loss attributable to
CLPS's shareholders of $1.4 million
in the prior year period.
About CLPS Incorporation
Headquartered in Shanghai, China, CLPS Incorporation
(the "Company") (Nasdaq: CLPS) is a global leading information
technology ("IT") consulting and solutions service provider
focusing on the banking, insurance, and financial service sectors.
The Company serves as an IT solutions provider to a growing network
of clients in the global financial service industry, including
large financial institutions in the
US, Europe, Australia, and Hong Kong SAR, and their
PRC-based IT centers. The Company maintains 18 delivery and/or
research & development centers to serve different customers in
various geographic locations. Mainland China centers are
located in Shanghai, Beijing, Dalian, Tianjin,
Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and
Suzhou. The remaining eight global centers are located in Hong Kong
SAR, USA,
UK, Japan, Singapore, Malaysia, Australia,
and India. For further information regarding the Company,
please visit: http://ir.clpsglobal.com/.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
Contact:
CLPS Incorporation
Email: ir@clpsglobal.com
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SOURCE CLPS