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

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1

ebixlogoa22.jpg
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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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)
Concentrations Of Credit Risk (Details)
Concentrations Of Credit Risk (Notes)
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 Capitalized Contract Costs (Details)
Description Of Business And Summary Of Significant Accounting Policies Cash, Cash Equivalents, And Restricted Cash Shown In The Statement Of Cash Flows (Details)
Description Of Business And Summary Of Significant Accounting Policies Deferred Revenue Rollforward
Description Of Business And Summary Of Significant Accounting Policies Impact Of Adopting Topic 606 On The Company???S Unaudited Consolidated Financial Statements (Details)
Description Of Business And Summary Of Significant Accounting Policies Impact Of Change In Accounting Policy (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)
Description Of Business And Summary Of Significant Accounting Policies Revenue Recognition (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: 0000814549-18-000028
Submitted to the SEC: Thu Aug 09 2018 4:55:26 PM EST
Accepted by the SEC: Thu Aug 09 2018
Period: Saturday, June 30, 2018
Industry: Computer Integrated Systems Design

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