Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income

(In thousands, except per share data)
(Unaudited)
    Three Months Ended
    March 31,
  2011 2010
Operating revenue $40,050 $ 31,603
Operating expenses:    
     
Cost of services provided 7,307 7,063
Product development 4,619 3,363
Sales and marketing 2,852 1,326
General and administrative 7,761 5,659
Amortization and depreciation 1,877 1,433
Total operating expenses 24,416 18,844
Operating income 15,634 12,759
Interest income 200 88
Interest expense (215) (268)
Other non-operating income (354 317
Foreign currency exchange gain 1,468 103
Income before income taxes    
  16,733 12,999
Income tax expense (1,569) (615)
Net income $ 15,164 $ 12,384
Basic earnings per common share $ 0.40 $ 0.36
Diluted earnings per common share $ 0.37 $ 0.32
Basic weighted average shares outstanding 38,151 34,747
Diluted weighted average shares outstanding 41,517 39,335

Investor Contacts

EBIX Inc
5 Concourse Parkway, Suite 3200, Atlanta, Georgia 30328
Ph: 678-281-2043 Fax: 678-281-2019
www.ebix.com
IR@ebix.com