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

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Ebix Inc
Ticker: EBIX CIK: 814549

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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