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EBIX Inc, On-Demand Insurance Software
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Financial Statement
 

Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)

 
Three Months Ended March 31,
2009 2008
 
Operating Revenue: $ 20,668 $ 16,639
 
Operating expenses:
Costs of services provided 4,085 2,843
Product development 2,505 2,171
Sales and marketing 1,134 847
General and administrative 3,843 3,816
Amortization and depreciation   744   819
Total operating expenses   12,311   10,496
Operating income 8,357 6,143
Interest income 52 122
Interest expense (284 ) (342 )
Foreign exchange gain   406   59
Income before income taxes 8,531 5,982
Income tax provision   (196 )   (312 )
Net income $ 8,335 $ 5,670
 
Basic earnings per common share $ 0.84 $ 0.55
 
Diluted earnings per common share $ 0.69 $ 0.47
 
Basic weighted average shares outstanding 9,927 10,219
 
Diluted weighted average shares outstanding 12,364 12,462
 
   
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