CLPS H1 Revenue Rises 2.8% to $85.1M; Board Approves $2.00 Share Buyback
CLPS reported H1 fiscal 2026 revenue of $85.1M, up 2.8% year-on-year, with net income rising 74.9% to $0.3M. Revenue outside mainland China surged 63.1% to $31.0M and the board authorized repurchase of up to 1 million shares below $2.00 per share.
1. Financial Performance
CLPS generated revenue of $85.1 million in the first half of fiscal 2026, a 2.8% increase from $82.8 million a year earlier. Gross profit rose 2.1% to $19.5 million, operating income climbed 300.5% to $0.6 million, and net income grew 74.9% to $0.3 million.
2. Geographic and Service Diversification
Revenue generated outside mainland China jumped 63.1% to $31.0 million, driven by a 101.6% increase in U.S. revenue to $4.1 million. Customized IT solution services expanded 134.7% to $2.2 million, supported by 35 IT projects and an increase in clients from 277 to 303.
3. Strategic Initiatives and Shareholder Returns
The board approved a program to repurchase up to 1,000,000 shares at prices below $2.00 per share through November 4, 2026. CLPS also advanced digital transformation—partnering on an AI agent POC, modernizing a legacy banking system with 70% automation, and launching a Web3-ready issuance platform.