Exhibit 99.1

 

LOGO

EBIX 2019 GAAP REVENUE ROSE 17% TO A RECORD $580.6M,

WITH FULL YEAR GAAP DILUTED EPS RISING 7% TO $3.16

 

   

Full year Non-GAAP EPS of $4.21, Q4 2019 Non-GAAP EPS of $1.04

 

   

Full year GAAP operating income of $155.7M

 

   

Full year non-GAAP operating income of $163.9M

 

   

Constant Currency Revenues grew 19% by $92.1M to $590M in 2019 vs. $497.8M in 2018

JOHNS CREEK, GA – March 2, 2020 – 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 2019 fourth quarter (Q4 2019) and full year results for the periods ended December 31, 2019. Ebix will host a conference call to review its results today, at 11:00 a.m. EST (details below).

“In spite of a number of large acquisitions getting delayed for regulatory reasons, and the delays in the central bank approval for implementing the UAE airport implementation, we still got very close to the $600 million revenue mark in 2019, with 2019 GAAP revenues of $580.6M. This result has clearly established a good foundation for us to pursue higher goals in 2020.” said Robin Raina, chairman and CEO, Ebix, Inc. “With the already announced prospective Yatra and Trimax acquisitions ahead of us, combined with our focus on organic revenue growth, we believe that revenue in the $700M to $750M range, in terms of annualized revenue by Q4 of 2020, is clearly achievable.”

Ebix delivered the following results for its fiscal fourth quarter and full fiscal year 2019:

Revenue: Full year 2019 revenue rose 17% to $580.6 million vs. 2018, and Q4 2019 revenue rose 7% to $146.2 million vs. Q4 2018

On a constant currency basis, Ebix 2019 revenues increased 19% to $590.0 million vs. $497.8 million in 2018. Exchanges including the EbixCash and the remaining insurance exchanges worldwide, continued to be Ebix’s largest channel, accounting for 88% of our Q4 2019 and full year 2019 revenues.

 

(dollar amounts in thousands)  

Channel

   Q4 2019      Q4 2018      Change     YTD
2019
     YTD 2018      Change  

EbixCash Exchanges

   $ 81,184      $ 65,851        +23   $ 319,953      $ 217,457        +47

Insurance Exchanges

     48,074        50,302        -4     190,067        192,604        -1

RCS—Insurance

     16,925        20,174        -16     70,595        87,765        -20
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total Revenue

   $ 146,183      $ 136,327        +7   $ 580,615      $ 497,826        +17
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total Revenue on Constant Currency Basis

   $ 146.1M      $ 136.3M        +7   $ 590.0M      $ 497.8M        +19
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

1


The following information was filed by Ebix Inc (EBIX) on Monday, March 2, 2020 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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