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Ebix Inc (EBIX) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1


Ebix Announces Fourth Quarter and Full Year 2012 Results

Quarterly Revenue of $54.0 Million, up 23% Year-Over-Year
Full Year Revenue of $199.4 Million, up 18% Year-Over-Year
Q4 Diluted EPS of $0.48, up 9% Year-Over-Year
Full Fiscal Year Diluted EPS of $1.80, up 3% Year-Over-Year


ATLANTA, GA - March 14, 2013 -
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today reported results for the fiscal fourth quarter and full year ended December 31, 2012. Ebix will host a conference call at 11:00 a.m. EDT (details below)
 
“The Company's 2012 results reflect the strength of Ebix's core businesses that helped us deliver outstanding results in one of the most challenging years for the insurance industry in a decade,” said Robin Raina, Chairman, President and CEO, Ebix Inc. “Our revenue, operating cash flow, liquidity and diluted EPS were all at record levels as we look forward to continued high levels of performance in 2013.”

Ebix delivered the following results for the fourth quarter and full year of 2012:

Revenues: Total Q4 2012 revenue was $54.0 million, an increase of 22.6% on a year-over-year basis, as compared to Q4 2011 revenue of $44.1 million.

For the full fiscal year of 2012, the company reported revenue of $199.4 million, an increase of 18.0% from the prior year revenues of $169.0 million.

Earnings per Share: Q4 2012 diluted earnings per share rose 9% year-over-year to $0.48, as compared to $0.44 in the fourth quarter of 2012. For purposes of the Q4 2012 EPS calculation, there was an average of 38.9 million diluted shares outstanding during the quarter, as compared to 39.4 million diluted shares outstanding in Q4 of 2011.

For the full year of 2012, diluted earnings per share rose 3% year-over-year to $1.80 from $1.75 in 2011. For purposes of the EPS calculation, there was an average of approximately 39.1 million diluted shares outstanding during the year 2011 as compared to an average of 40.9 million diluted shares outstanding in 2011.

Operating Cash: Cash generated from operations for the fiscal fourth quarter was $18.3 million, down 5% year-over-year due primarily to the payment of certain acquisition earnout liabilities. For the full year, operating cash flow totaled $72.3 million in 2012, up 2% year-over-year as compared to $70.6 million in 2011.

Margins: In 2012, the Company achieved gross margins of 81% compared to 80% in 2011. Operating margins for 2012 were slightly lower at 39% as compared to 41% for 2011 due to business acquisitions made in 2012, which were not at the same operating margins as Ebix's legacy businesses when acquired.

Diversified Revenue Base: Ebix continued to have highly diversified revenue streams across thousands of clients, with the largest client accounting for only 2.5% of the Company's 2012 revenues.



The following information was filed by Ebix Inc (EBIX) on Monday, March 18, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Ii - Valuation And Qualifying Accounts Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts Schedule Ii - Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flow
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Stockholders' Equity
Accounts Payable And Accrued Expenses
Accounts Payable And Accrued Expenses (details)
Accounts Payable And Accrued Expenses (tables)
Business Acquisitions
Business Acquisitions (future Amortization Expense) (details)
Business Acquisitions (intangible Assets Acquired) (details)
Business Acquisitions (narrative) (details)
Business Acquisitions (net Assets Acquired) (details)
Business Acquisitions (tables)
Cash Option Profit Sharing Plan And Trust
Cash Option Profit Sharing Plan And Trust (details)
Commercial Bank Financing Facility
Commercial Bank Financing Facility (details)
Commitments And Contingencies
Commitments And Contingencies (minimum Rentals) (details)
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (tables)
Convertible Debt
Convertible Debt (details)
Derivative Instruments
Derivative Instruments (details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (accounts Receivables And Allowances) (details)
Description Of Business And Summary Of Significant Accounting Policies (advertising And Sales Commission) (details)
Description Of Business And Summary Of Significant Accounting Policies (fair Value Reporting) (details)
Description Of Business And Summary Of Significant Accounting Policies (fixed Assets) (details) (details)
Description Of Business And Summary Of Significant Accounting Policies (goodwill) (details)
Description Of Business And Summary Of Significant Accounting Policies (intangible Assets) (details)
Description Of Business And Summary Of Significant Accounting Policies (policies)
Description Of Business And Summary Of Significant Accounting Policies (segment Reporting) (details)
Description Of Business And Summary Of Significant Accounting Policies (short-term Investments) (details)
Description Of Business And Summary Of Significant Accounting Policies (tables)
Description Of Business And Summary Of Significant Accounting Policies- Foreign Currency Translation (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Geographic Information
Geographic Information (details)
Geographic Information (tables)
Income Taxes
Income Taxes (components Of Income Tax Expense) (details)
Income Taxes (deferred Income Taxes) (details)
Income Taxes (deferred Tax Liabilities And Assets) (details)
Income Taxes (effective Income Tax Rates Reconciliation) (details)
Income Taxes (narrative) (details)
Income Taxes (pre-tax Income And Applicable Tax Rates) (details)
Income Taxes (pre-tax Income) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits) (details)
Minority Business Investment
Minority Business Investment (details)
Other Current Assets
Other Current Assets (details)
Other Current Assets (tables)
Pro Forma Financial Information
Pro Forma Financial Information (details)
Pro Forma Financial Information (tables)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Related Party Transactions
Related Party Transactions (details)
Share-based Compensation
Share-based Compensation (nonvested Options) (details)
Share-based Compensation (nonvested Restricted Stock) (details)
Share-based Compensation (option Price Ranges) (details)
Share-based Compensation (stock Option Activity) (details)
Share-based Compensation (tables)
Share-based Compensation (valuation Assumptions) (details)
Stock Repurchases
Stock Repurchases (details)
Supplemental Schedule Of Noncash Financing Activities
Supplemental Schedule Of Noncash Financing Activities (details)
Temporary Equity Temporary Equity
Temporary Equity Temporary Equity (details)
Ticker: EBIX
CIK: 814549
Form Type: 10-K Annual Report
Accession Number: 0000814549-13-000004
Submitted to the SEC: Mon Mar 18 2013 4:26:57 PM EST
Accepted by the SEC: Mon Mar 18 2013
Period: Monday, December 31, 2012
Industry: Computer Integrated Systems Design

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