Insurance Software Solution | Insurance Software Development -Ebix

(In thousands, except per share data)

	Three Months Ended
	March 31
	2018	2017
Operating revenue	$ 108,230	$ 79,103

Operating expenses:
Cost of services provided	39,591	25,187
Product development	8,434	8,350
Sales and marketing	3,998	4,337
General and administrative, net	19,504	12,684
Amortization and depreciation	2,807	2,855
Total operating expenses	74,334	53,413

Operating income	33,896	25,690
Interest income	121	774
Interest expense	(4,847)	(2,468)
Non-operating income	53	0
Foreign currency exchange (loss) gain	(641)	3,496
Income before income taxes	28,582	27,492
Income tax expense	(2,126)	(869)
Net income including noncontrolling interest	26,456	26,623
Net income attributable to noncontrolling interest	248	196
Net income attributable to Ebix, Inc.	$ 26,208	$ 26,427

Basic earnings per common share attributable to Ebix, Inc.	$ 0.83	$ 0.83

Diluted earnings per common share attributable to Ebix, Inc.	$ 0.83	$ 0.83

Basic weighted average shares outstanding	31,482	31,807

Diluted weighted average shares outstanding	31,659	31,973

EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

IR@ebix.com

Ebix Named in Fortune’s 2017 100 Fastest-Growing Companies

Financial Statement