Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended March 31,
	2015 (Unaudited)	2014 (Unaudited)
Operating revenue	63,753	$51,404
Operating expenses:
Cost of services provided	21,027	9,612
Product development	6,623	6,693
Sales and marketing	3,047	3,301
General and administrative	9,960	9,841
Amortization and depreciation	2597	2,552
Total operating expenses	43,254	31,999
Operating income	20,499	19,405
Interest income	61	135
Interest expense	(719)	(247)
Non-operating income (loss) - put options		454
Non-operating expense - securities litigation		—
Foreign currency exchange gain (loss)	892	(119)
Income before income taxes	20,733	19,628
Income tax expense	(2,397)	(4,211)
Net income	$18,336	$15,417
Basic earnings per common share	$0.51	$0.40
Diluted earnings per common share	$0.51	$0.40
Basic weighted average shares outstanding	35,708	38,318
Diluted weighted average shares outstanding	35,954	38,600

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