Editorial Summary

Chinese finance industry software and service provider Longtop Financial Technologies Limited (NYSE: LFT) announced fiscal third quarter financial results (the period ending December 31, 2007) after market close Thursday. Total revenue was US$18.6 million, up 60.9 percent year-on-year, while net income of US$10.5 million was up 99 percent. Software development revenue accounted for US$15.6 million of total revenue, up 61.1 percent year-on-year. For the fiscal fourth quarter (ending March 31, 2008), Longtop expects total revenue to reach $12.5 million and net income to hit $4.5 million.