Ebix Inc (EBIX) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Earnings Press Release
10-Q Quarterly Report
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Ebix Inc
Ticker: EBIX CIK: 814549

Exhibit 99.1

Ebix Q2 Revenues Rose 43% to a Record $124.6M,

EPS Rose 25% to $0.92 and Operating Income Rose 44% to $38.3M

JOHNS CREEK, GA - August 8, 2018 -

Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-learning and healthcare industries, today reported results for its second quarter ended June 30, 2018. 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 second quarter of 2018:

Revenues: Q2 2018 revenue rose 42.6% to $124.6 million compared to $87.4 million in Q2 2017 and increased 15.1% over Q1 2018 revenue of $108.2 million. The year over year revenue improvement reflected growth in the Company’s Exchange channel, with the revenues from the EbixCash Financial Exchange reflected in the Exchange channel.

On a constant currency basis, Ebix Q2 2018 revenue increased 44% to $125.4 million compared to $87.4 million in Q2 2017. The Exchange channel continued to be Ebix’s largest, accounting for 82% of Q2 2018 revenues. Also, on a constant currency basis, year to date revenue increased 40% to $232.6 million as compared to $166.5 million during the same period in 2017.



(dollar amounts in thousands)
Channel	Q2 2018	Q2 2017	Change	YTD 2018	YTD 2017	Change
Exchanges	$ 101,582	$ 60,373	+68%	$ 183,439	$ 112,987	+62%
Risk Compliance Solutions (RCS)	19,007	22,663	-16%	41,274	44,515	-7%
Broker Solutions	3,696	3,595	+3%	7,306	7,383	-1%
Carrier Systems	342	756	-55%	837	1,605	-48%
Total Revenue	$ 124,627	$ 87,387	+43%	$ 232,856	$ 166,490	+40%

Total Revenue on Constant Currency Basis	$ 125.4M	$ 87.4M	+44%	$ 232.6M	$ 166.5M	+40%

Earnings per Share: Q2 2018 diluted earnings per share increased 25% to $0.92 compared to $0.74 in Q2 2017 due to a 25% increase in net income. Ebix’s weighted average diluted shares outstanding slightly decreased to 31.63 million in Q2 2018 compared to 31.64 million in Q2 2017 and 31.66 million in Q1 2018.

Operating Income and Margins: Q2 2018 operating margins increased to 31% as compared to 30% in Q2 2017. Operating income for Q2 2018 rose 44% to $38.3 million compared to $26.5 million in Q2 2017.

Net Income: Q2 2018 net income increased by 25% to $29.2 million, compared to $23.4 million in Q2 2017.

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

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