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Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT),[link widoczny dla zalogowanych], a leading software developer and solutions provider targeting the financial services industry in China, recently announced unaudited financial results for the quarter ended September 30, 2010, which is the second quarter of its fiscal year ending March 31,[link widoczny dla zalogowanych], 2011.

Financial Highlights

Total Software Development Revenues of US$55.5 million,[link widoczny dla zalogowanych], an Increase of 50.0% Year-on-Year (YoY);
Total Revenues of US$60.5 million, an Increase of 41.2% YoY;
Adjusted(1) Operating Income of US$28.7 million, an Increase of 38.4% YoY;
Adjusted Net Income of US$25.7 million,[link widoczny dla zalogowanych], an Increase of 19.8% YoY;
Adjusted Diluted Earnings Per Share of US$0.44, Three Cents Ahead of Company Guidance;
Operating Cash flow of US$31.6 million,[link widoczny dla zalogowanych], an Increase of 67.6% YoY;
Full Year Revenue Guidance Increased to US$242.5 million and Adjusted EPS Guidance Increased to US$ 1.76

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