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Ebix Inc (EBIX) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Ebix Inc

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CIK: 814549 Ticker: EBIX
Exhibit 99.1

ebixlogoa13.jpg

Ebix Q3 Revenues Rose 24% to a Record $92.8M,
Operating Income Rose 15% to $27.9M and Diluted EPS Rose 4% to $0.76

JOHNS CREEK, GA - November 8, 2017 -
 Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today reported results for its third quarter ended September 30, 2017. Ebix will host a conference call to review its results today at 11:00 a.m. EDT (details below).

Ebix delivered the following results for the third quarter of 2017:

Revenues: Q3 2017 revenue rose 24% to $92.8 million compared to $74.6 million in Q3 2016 and increased 6% over Q2 2017 revenue of $87.4 million. The revenue improvement reflected growth in the Company’s Exchange and Risk Compliance channels, with the revenues from the Financial Exchange service in India, reflected in the Exchange channel.

Q3 and Q2 2017 both included a full quarter of revenues from EbixCash Financial Exchange with Q3 2017 revenues of $11.1 million versus $8.4 million in Q2 of 2017. Q3 2017 results also included one month of revenues totaling $0.54 million, from the acquisition of the YouFirst inward remittance business in India. Revenues from the acquisitions of Paul Merchants, Wall Street and Via will be reflected in Q4 2017 results.

On a constant currency basis, Ebix Q3 2017 revenue increased 23% to $91.6 million compared to $74.6 million in Q3 2016. The Exchange channel continued to be Ebix’s largest, accounting for 69% of Q3 2017 revenues. Also, on a constant currency basis, year to date revenue increased 18% to $257.1 million as compared to $218.2 million in 2016.

(dollar amounts in thousands)
 
 
 
 
 
Channel
Q3 2017
Q3 2016
Change
YTD
2017
YTD 2016
Change
Exchanges
$ 64,130
$ 52,016
+23%
$ 177,117
$ 151,424
+17%
Risk Compliance Solutions (RCS)
24,265
18,076
+34%
68,780
53,489
+29%
Broker Solutions
3,715
3,557
+4%
11,098
10,654
+4%
Carrier Systems
690
959
-28%
2,295
2,681
-14%
Total Revenue
$ 92,800
$ 74,608
+24%
$ 259,290
$ 218,248
+19%
 
 
 
 
 
 
 
Total Revenue on Constant Currency Basis
$ 91.6M
$ 74.6M
+23%
$ 257.1M
$ 218.2M
+18%


Earnings per Share: Q3 2017 diluted earnings per share increased 4% to $0.76 compared to $0.74 in Q3 2016. Ebix’s weighted average diluted shares outstanding decreased to 31.6 million in Q3 2017 compared to 32.7 million in Q3 2016 and consistent with Q2 2017.



The following information was filed by Ebix Inc (EBIX) on Thursday, November 9, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Ebix Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets (parentheticals)
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Statement Of Stockholders' Equity (unaudited)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Cash Flows (unaudited) Supplemental Schedule Of Noncash Financing Activities
Condensed Consolidated Statements Of Comprehensive Income (unaudited)
Condensed Consolidated Statements Of Income (unaudited)
Business Combinations
Business Combinations (narrative) (details)
Business Combinations (pro Forma) (details)
Business Combinations (tables)
Business Combinations Investment (details)
Capitalized Software Development Costs (details)
Capitalized Software Development Costs (notes)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Debt With Commercial Bank
Debt With Commercial Bank (narrative) (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 (assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs) (details)
Description Of Business And Summary Of Significant Accounting Policies (assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Description Of Business And Summary Of Significant Accounting Policies (fair Value Textuals) (details)
Description Of Business And Summary Of Significant Accounting Policies (finite-lived Intangible Assets) (details)
Description Of Business And Summary Of Significant Accounting Policies (goodwill) (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 (tables)
Description Of Business And Summary Of Significant Accounting Policies Advertising Costs (details)
Description Of Business And Summary Of Significant Accounting Policies Recent Relevant Accounting Pronouncements (details)
Description Of Business And Summary Of Significant Accounting Policies Reclassification (details)
Earnings Per Share
Earnings Per Share (reconciliation Between Basic And Diluted Earnings Per Share) (details)
Earnings Per Share (tables)
Geographic Information
Geographic Information (revenue By Geographic Locations) (details)
Geographic Information (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (unrecognized Tax Benefits) (details)
Income Taxes Income Taxes (details)
Investment In Joint Ventures (details)
Investment In Joint Ventures (notes)
Other Current Assets (details)
Other Current Assets (notes)
Other Current Assets (tables)
Subsequent Events (details)
Subsequent Events (notes)
Ticker: EBIX
CIK: 814549
Form Type: 10-Q Quarterly Report
Accession Number: 0000814549-17-000027
Submitted to the SEC: Thu Nov 09 2017 3:40:34 PM EST
Accepted by the SEC: Thu Nov 09 2017
Period: Saturday, September 30, 2017
Industry: Computer Integrated Systems Design

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