Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income

(In thousands, except per share data)
(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2012 2011 2012 2011
Operating revenue $ 53,804 $ 42,602 $ 145,347 $ 124,919





Operating expenses:



Cost of services provided 9,500 8,710 27,686 24,931
Product development 7,102 4,964 17,188 14,385
Sales and marketing 4,346 3,440 12,454 9,553
General and administrative 9,679 5,785 24,700 18,240
Amortization and depreciation 2,469 1,749 6,571 5,617
Total operating expenses 33,096 24,648 88,599 72,726





Operating income 20,708 17,954 56,748 52,193
Interest income 88 100 365 429
Interest expense (440) (218) (1,005) (592)
Other non-operating income (loss) 414 33 676 (785)
Foreign currency exchange gain (loss) (536) (230) 1,759 2,635
Income before income taxes 20,234 17,639 58,543 53,880
Income tax benefit (expense) (2,162) (1,103) (6,719) 168
Net income $ 18,072 $ 16,536 $ 51,824 $ 54,048


 
 
Basic earnings per common share $ 0.49 $ 0.44 $ 1.41 $ 1.41





Diluted earnings per common share $ 0.46 $ 0.41 $ 1.32 $ 1.31





Basic weighted average shares outstanding 37,214 37,345 36,859 38,215





Diluted weighted average shares outstanding 39,120 40,449 39,158 41,400





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