Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income

(In thousands, except per share data)
 

Three Months Ended

December 31,

Twelve Months Ended

December 31,

 

2011

2010

2011

2010

 

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

         

Operating revenue

$ 44,050

$ 35,097

$ 168,969

$ 132,188

         

Operating expenses:

       

Cost of services provided

8,658

7,691

33,589

29,599

Product development

4,823

3,379

19,208

13,607

Sales and marketing

4,089

1,613

13,642

6,372

General and administrative

8,028

7,151

26,268

24,065

Amortization and depreciation

1,897

1,605

7,514

6,038

Total operating expenses

27,495

21,439

100,221

79,681

         

Operating income

16,555

13,658

68,748

52,507

Interest income

128

141

557

519

Interest expense

(167)

(152)

(759)

(902)

Other non-operating income

1,432

641

647

6,319

Foreign currency exchange gain

1,667

352

4,302

1,211

         

Income before income taxes

19,615

14,640

73,495

59,654

Income tax expense (benefit)

(2,285)

1,304

(2,117)

(635)

Net income

$ 17,330

$ 15,944

$ 71,378

$ 59,019

         

Basic earnings per common share*

$ 0.48

$ 0.45

$ 1.89

$ 1.69

         

Diluted earnings per common share*

$ 0.44

$ 0.42

$ 1.75

$ 1.51

         

Basic weighted average shares outstanding*

36,337

35,083

37,742

34,845

         

Diluted weighted average shares
outstanding*

39,374

38,417

40,889

39,018

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