Longtop Announces Unaudited Financial Results for -

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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,[link widoczny dla zalogowanych], recently announced unaudited financial results for the quarter ended September 30, 2010,[link widoczny dla zalogowanych], which is the second quarter of its fiscal year ending March 31, 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, 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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