Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income

(In thousands, except per share data)
  Three Months Ended
  March 31,
  2016 2015
Operating revenue $71,066 $63,753
     
Operating expenses:    
Cost of services provided 19,602 19,485
Product development 8,065 7,047
Sales and marketing 4,333 3,379
General and administrative, net 11,583 10,746
Amortization and depreciation 2,720 2,597
Total operating expenses 46,303 43,254
     
Operating income 24,763 20,499
Interest income 143 61
Interest expense (1,274) (719)
Foreign currency exchange gain 469 892
Income before income taxes 24,101 20,733
Income tax expense (1,750) (2,397)
Net income including non-controlling interest 22,351 18,336
Net income attributable to non-controlling interest 192 -
Net income attributable to Ebix, Inc. $22,159 $18,336
     
Basic earnings per common share attributable to Ebix, Inc. $0.67 $0.51
     
Diluted earnings per common share attributable to Ebix, Inc. $0.67 $0.51
     
Basic weighted average shares outstanding 33,043 35,708
     
Diluted weighted average shares outstanding 33,310 35,954

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