Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended March 31,
	2014 (Unaudited)	2013 (Unaudited)
Operating revenue	$51,404	$50,847
Operating expenses:
Cost of services provided	9,612	10,086
Product development	6,693	6,414
Sales and marketing	3,301	4,085
General and administrative	9,841	9,808
Amortization and depreciation	2,552	2,648
Total operating expenses	31,999	33,041
Operating income	19,405	17,806
Interest income	135	175
Interest expense	(247)	(265)
Non-operating income (loss) - put options	454	1,592
Non-operating expense - securities litigation	—	—
Foreign currency exchange gain (loss)	(119)	64
Income before income taxes	19,628	19,372
Income tax expense	(4,211)	(4,127)
Net income	$15,417	$15,245
Basic earnings per common share	$0.40	$0.40
Diluted earnings per common share	$0.40	$0.40
Basic weighted average shares outstanding	38,318	38,043
Diluted weighted average shares outstanding	38,600	38,536

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

Financial Statement