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Ebix Inc (EBIX) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1


Ebix Announces FourTH Quarter AND FULL YEAR 2014 Results

Q4 Revenues of $60.6 million, up 19% year-over-year
Q4 Diluted EPS of $0.45, up 14% year-over-year
Full Fiscal Year Diluted EPS of $1.67, up 9% year-over-year


ATLANTA, GA - March 13, 2015 -
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, today reported results for the fiscal fourth quarter and full year ended December 31, 2014.

Ebix delivered the following results for the fourth quarter and full year of 2014:

Revenue: Total Q4 2014 revenue was $60.6 million, an increase of 19% on a year-over-year basis, as compared to Q4 2013 revenue of $50.8 million and an increase of $9.8 million over Q3 2014 revenues of $50.8 million.

On a year-over-year basis, Ebix’s Q4 2014 revenue was affected negatively by approximately $1.1 million due to the strengthening of the US dollar as against the currencies in certain of the foreign jurisdictions in which the Company conducts operations. Also, on a constant currency basis, the Company’s Q4 2014 Revenues would have been $1.2 million higher as compared to Q3 2014.

For the full fiscal year of 2014, the Company reported revenue of $214.3 million, an increase of 5% from the prior year revenue of $204.7 million. On a year-over-year basis, Ebix’s full year 2014 revenue was affected negatively by approximately $3.2 million due to the strengthening of the US dollar as against the currencies in certain of the foreign jurisdictions in which the Company conducts operations.

Earnings per Share: Q4 2014 diluted earnings per share increased 14% year-over-year to $0.45, as compared to $0.40 in the fourth quarter of 2013. For purposes of the Q4 2014 EPS calculation, there was an average of 36.8 million diluted shares outstanding during the quarter compared to 38.5 million during the same period in 2013.

For the full year of 2014, diluted earnings per share increased 9% year-over-year to $1.67 from $1.53 in 2013. For purposes of the EPS calculation, there was an average of approximately 38.0 million diluted shares outstanding during the year 2014 as compared to an average of 38.6 million diluted shares outstanding in 2013.

Operating Cash: Cash generated from operations for the fiscal fourth quarter was $20.1 million, up 4% year-over-year, and up 106% as compared to $9.7 million in Q3 of 2014. For the full year, operating cash flow totaled $58.5 million in 2014, up 3% year-over-year as compared to $57.1 million in 2013.

Operating Margins: Operating margins for Q4 2014 were consistent with Q4 2013 at 35%. The operating margins for fiscal year 2014 were, also, consistent with the prior year remaining at 37%.

Net Income: Q4 2014 net income was $16.5 million, a 9% increase on a year-over-year basis, as compared to Q4 2013 net income of $15.2 million. During fiscal year 2014, net income increased $4.3 million or 7%, to $63.6 million compared to $59.3 million during 2013.



The following information was filed by Ebix Inc (EBIX) on Monday, March 16, 2015 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)
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)
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)
Other Liabilities
Other Liabilities (details)
Other Liabilities (tables)
Pro Forma Financial Information (re: 2014 And 2013 Acquisitions)
Pro Forma Financial Information (re: 2014 And 2013 Acquisitions) (details)
Pro Forma Financial Information (re: 2014 And 2013 Acquisitions) (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)
Subsequent Events
Subsequent Events (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: 0000814549-15-000012
Submitted to the SEC: Mon Mar 16 2015 4:04:22 PM EST
Accepted by the SEC: Mon Mar 16 2015
Period: Wednesday, December 31, 2014
Industry: Computer Integrated Systems Design

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