Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended
	March 31,
	2016	2015
Operating revenue	$71,066	$63,753

Operating expenses:
Cost of services provided	19,602	19,485
Product development	8,065	7,047
Sales and marketing	4,333	3,379
General and administrative, net	11,583	10,746
Amortization and depreciation	2,720	2,597
Total operating expenses	46,303	43,254

Operating income	24,763	20,499
Interest income	143	61
Interest expense	(1,274)	(719)
Foreign currency exchange gain	469	892
Income before income taxes	24,101	20,733
Income tax expense	(1,750)	(2,397)
Net income including non-controlling interest	22,351	18,336
Net income attributable to non-controlling interest	192	-
Net income attributable to Ebix, Inc.	$22,159	$18,336

Basic earnings per common share attributable to Ebix, Inc.	$0.67	$0.51

Diluted earnings per common share attributable to Ebix, Inc.	$0.67	$0.51

Basic weighted average shares outstanding	33,043	35,708

Diluted weighted average shares outstanding	33,310	35,954

EBIX Inc
5 Concourse Parkway, Suite 3200, Atlanta, Georgia 30328
Ph: 678-281-2043 Fax: 678-281-2019
www.ebix.com
IR@ebix.com

Financial Statement