Exhibit 99.1

ebixlogoa43.jpg

Ebix Q2 Revenues Rose 16% to a Record $144.3M

GAAP Diluted EPS of $0.94, Non-GAAP Diluted EPS of $1.08
GAAP Operating Income of $41.3M, Non-GAAP Operating Income of $43.4M

JOHNS CREEK, GA - August 8, 2019 -
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, 2019. 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 2019:

Revenues: Q2 2019 revenue rose 16% to $144.3 million compared to $124.6 million in Q2 2018 and increased 1% over Q1 2019 revenue of $142.9 million. After excluding the revenues from the discontinued e-governance business, Q2 2019 revenues grew 21% in Q2 2019 as compared to Q2 2018.

On a constant currency basis, Ebix Q2 2019 revenue increased 18% to $147.4 million compared to $124.6 million in Q2 2018. Exchanges cumulatively including the insurance and EbixCash financial exchanges accounted for 87% of Q2 2019 revenues. Also, on a constant currency basis, year to date revenue increased 27% to $295.4 million as compared to $232.9 million during the same period in 2018.

The year over year revenue improvement reflected 43% growth in the Company’s EbixCash channel. After excluding the revenues from the discontinued e-governance business, EbixCash Q2 2019 revenues grew 58% in Q2 2019 as compared to Q2 2018.


(dollar amounts in thousands)
 
 
 
 
 
 
Channel
Q2 2019
Q2 2018
Change
YTD
2019
YTD 2018
Change
EbixCash Exchanges
$ 78,948
$ 55,257
+43%
$ 156,685
$ 91,265
+72%
Insurance Exchanges
46,593
47,155
-1%
94,608
96,318
-2%
RCS - Insurance
18,734
22,214
-16%
35,906
45,273
-21%
Total Revenue
$ 144,275
$ 124,626
+16%
$ 287,199
$ 232,856
+23%
 
 
 
 
 
 
 
Total Revenue on Constant Currency Basis
$ 147.4M
$ 124.6M
+18%
$ 295.4M
$ 232.9M
+27%


Net Income and EPS:

Q2 2019 GAAP diluted earnings per share increased 2% to $0.94 compared to $0.92 in Q2 2018. The Non-GAAP diluted earnings per share in Q2 2019 grew 17% to $1.08 as compared to Q2 2018.



The following information was filed by Ebix Inc (EBIX) on Thursday, August 8, 2019 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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