$164.48M in FY2025 revenue, 15.2% growth. U.S. revenue +101.6% in H1 FY2026. International APAC revenue nearly doubled. Fortune 500 financial institution clients conducted vendor diligence and chose CLPS. The China discount is applied to a company that primarily serves Western financial institutions.
CLPS provides software developers to major financial institutions; banks like HSBC, Citigroup, and others; helping them build and maintain trading systems, risk platforms, and customer tools. They're primarily based in China, which means investors apply a blanket 'China risk' discount regardless of the fact that their customers are Western regulated banks who did their own vendor diligence before signing contracts. U.S. revenue doubled last year. They're actively moving work to Singapore, Hong Kong, and the U.S. to reduce the China concentration. $164M in revenue. The discount may not fit the actual business.
Watch U.S. revenue growth rate in the next semi-annual filing; if it sustains above 50% year-over-year, the geographic diversification thesis is real. Watch client count for continued expansion above 277. Client attrition would be the reassessment signal.