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What: Shares of LongTop Financial Technologies (NYSE: LFT) surged as much as 11% today after the financial software solutions provider reported third-quarter results.

So what: LongTop Financial reported third-quarter results after the bell last night that handily beat analysts and its own prior guidance. The company reported a $0.61 quarterly profit on revenue of $76.9 million while the consensus estimates were for $0.57 on revenue of $73.8 million. LongTop Financial also raised revenue and operating income guidance for the fourth quarter and the full year. The company cited strong organic software growth as the main driver behind the impressive results.

Now what: I have to agree with LongTop Financial CEO Weizhou Lian that the most impressive figure here is the 40% organic growth the company has achieved in its software solutions over the past nine months. Few software companies can grow at this rate without becoming more acquisition-oriented. This quarter also highlighted a 56.3% jump in year-over-year software development revenue. LongTop Financial seems to be hitting its stride with record cash flows on an already healthy balance sheet boasting more than $6 in net cash per share. Its stock price has been relatively flat for more than a year now, but a few more quarters like this and the bulls may be throwing a party.

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Fool contributor Sean Williams does not own shares in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong.

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