Insurance Software Solution | Insurance Software Development -Ebix

	Six Months Ended June 30,
	2015 (Unaudited)	2014 (Unaudited)
Operating revenue	64,712	$51,476
Operating expenses:
Cost of services provided	18,699	9,964
Product development	7,288	6,758
Sales and marketing	3,611	3,784
General and administrative	12,121	11,068
Amortization and depreciation	2570	2,441
Total operating expenses	44,289	34,015
Operating income	20,423	17,461
Interest income	44	130
Other non-operating income	—	(139)
Interest expense	(625)	(211)
Non-operating income (loss) - put options	—	—
Non-operating expense - securities litigation	—	—
Foreign currency exchange gain (loss)	330	(336)
Income before income taxes	20,172	16,905
Income tax expense	(1,136)	(3,326)
Net income	$19,036	$13,579
Basic earnings per common share	$0.54	$0.35
Diluted earnings per common share	$0.54	$0.35
Basic weighted average shares outstanding	35,046	38,427
Diluted weighted average shares outstanding	35,269	38,647

EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2043 Fax: 678-281-2019
www.ebix.com
IR@ebix.com

Financial Statement