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After it plunged to a lowly two-star rank earlier this year, more top-performing CAPS members have warmed to Longtop Financial Technologies
Like other Chinese companies such as Baidu
Longtop focuses on the largest customers in each of its segments, and its clients include some of China's largest banks and insurance companies -- the equivalent of a U.S. company landing Bank of America
That strategy is paying off. Along with local competitor Yucheng Technologies, Longtop reported strong revenue growth in its most recent quarter, enjoying strong demand across its segments. The company faced headwinds in its ATM services business, which accounts for a smaller portion of revenue. Nonetheless, it raised its fiscal 2010 revenue and earnings forecasts, expecting growth to continue across its segments.
Do you think Longtop Financial deserves its five-star status? Add your thoughts in the comments box below on this page, or head over to our totally free CAPS service to rate the company and check out all the information and opinions our community offers.
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Fool contributor Dave Mock might get the yard work done more often if he upgraded the lawnmower with a racing engine. He owns no shares of companies mentioned here. Baidu is a Rule Breakers pick. The Fool's disclosure policy is an easy read.