Longtop Announces Unaudited Financial Results for

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Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), 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, 2011.

Financial Highlights

Total Software Development Revenues of US$55.5 million,Help desk outsourcing, 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,Call centre outsourcing, an Increase of 19.8% YoY;
Adjusted Diluted Earnings Per Share of US$0.44,hospitality solution, Three Cents Ahead of Company Guidance;
Operating Cash flow of US$31.6 million, 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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