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Ebix Inc (EBIX) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1

ebixlogoa16.jpg

Ebix Q4 Revenue ROSE 31% TO $104.7M AND EPS ROSE 11% TO $0.84; Full Year Revenue Rose 22% to $364.0M and EPS Rose 11% to $3.17

JOHNS CREEK, GA - March 1, 2018 -
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 fiscal 2017 fourth quarter (Q4 2017) and full year results for the periods ended December 31, 2017. Ebix will host a conference call to review its results tomorrow, Friday March 2nd at 11:00 a.m. EST (details below).

Ebix delivered the following results for the fourth quarter and full year of 2017:

Revenue: Total Q4 2017 revenue rose 31% to $104.7 million, compared to $80.0 million in Q4 2016 and increased 13% over Q3 2017 revenue of $92.8 million.

Full year 2017 revenue rose 22% to $364.0 million, compared to $298.3 million in 2016. Exchanges including the EbixCash operations in India, continued to be Ebix’s largest channel, accounting for 79% of the Company's Q4 2017 and 71% of full year 2017 Revenue.

(dollar amounts in thousands)
 
 
 
 
Channel
Q4 2017
Q4 2016
Change
2017
2016
Change
Exchanges
$ 82,353
$ 55,003
+50%
$ 259,470
$ 206,427
+26%
Broker Systems
3,576
3,451
+4%
14,674
14,105
4%
Risk Compliance Solutions (RCS)
18,052
20,707
-13%
86,832
74,196
17%
Carrier Systems
700
885
-21%
2,995
3,566
-16%
Total Revenue
$104,681
$ 80,046
+31%
$ 363,971
$ 298,294
+22%
 
 
 
 
 
 
 
Total Revenue on Constant Currency Basis
$ 102.9M
$ 80.0M
+29%
$ 360.0M
$ 298.3M
+21%


Earnings per Share: Q4 2017 diluted EPS increased 11% to $0.84 from $0.76 in Q4 2016. Full year 2017 diluted EPS increased 11% to $3.17 from $2.86 in 2016. The improvements reflect higher net income and the benefit of previous share repurchase activity.

Operating Cash: Cash generated from operations decreased 13% to $26.7 million in Q4 2017, compared to $30.7 million in Q4 2016. Cash generated from operations decreased 8% to $76.8 million in 2017, compared to $83.7 million in 2016.

Operating Income and Margins: Q4 2017 operating margins were 32%, a decrease over Q4 2016 margins of 35%. Operating income for Q4 2017 rose 20% to $33.1 million compared to $27.7 million in Q4 2016.

Full year 2017 operating margins were at 31%. Operating income for 2017 rose 13% to $113.2 million as compared to $100.3 million in 2016.




The following information was filed by Ebix Inc (EBIX) on Thursday, March 1, 2018 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 Ebix Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
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)
Capitalized Software Development Costs
Capitalized Software Development Costs (details)
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)
Concentrations Of Credit Risk (details)
Concentrations Of Credit Risk (notes)
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 (description Of Business) (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 (short-term Investments) (details)
Description Of Business And Summary Of Significant Accounting Policies (tables)
Description Of Business And Summary Of Significant Accounting Policies Description Of Business And Summary Of Significant Account Policies (restricted Cash) (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) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits) (details)
Income Taxes Operating Losses And Credit Carryforwards (details)
Investment In Joint Venture
Investment In Joint Venture (details)
Other Current Assets
Other Current Assets (details)
Other Current Assets (tables)
Pro Forma Financial Information (re: 2017 And 2016 Acquisitions)
Pro Forma Financial Information (re: 2017 And 2016 Acquisitions) (details)
Pro Forma Financial Information (re: 2017 And 2016 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)
Ticker: EBIX
CIK: 814549
Form Type: 10-K Annual Report
Accession Number: 0000814549-18-000008
Submitted to the SEC: Thu Mar 01 2018 4:34:29 PM EST
Accepted by the SEC: Thu Mar 01 2018
Period: Sunday, December 31, 2017
Industry: Computer Integrated Systems Design

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