Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended		Six Months Ended
	June 30,		June 30
	2016	2015	2016	2015
Operating revenue	$72,574	$64,712	$143,640	$128,465

Operating expenses:
Cost of services provided	20,579	18,699	40,181	38,184
Product development	8,285	7,288	16,350	14,335
Sales and marketing	4,206	3,611	8,539	6,990
General and administrative, net	13,310	12,121	24,893	22,867
Amortization and depreciation	2,630	2,570	5,350	5,167
Total operating expenses	49,010	44,289	95,313	87,543

Operating income	23,564	20,423	48,327	40,922
Interest income	441	44	584	105
Interest expense	(2,185)	(625)	(3,459)	(1,344)
Foreign currency exchange gain (loss)	(195)	330	274	1,222
Income before income taxes	21,625	20,172	45,726	40,905
Income tax benefit (expense)	1,418	(1,136)	(332)	(3,533)
Net income including noncontrolling interest	23,043	19,036	45,394	37,372
Net income attributable to noncontrolling interest	51	-	243	-
Net income attributable to Ebix, Inc.	22,992	19,036	45,151	$37,372

Basic earnings per common share attributable to Ebix, Inc.	0.70	0.54	1.37	$1.06

Diluted earnings per common share attributable to Ebix, Inc.	0.70	0.54	1.36	$1.05

Basic weighted average shares outstanding	32,688	35,046	32,866	35,375

Diluted weighted average shares outstanding	32,969	35,269	33,140	35,610

EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2043 Fax: 678-281-2019
www.ebix.com
IR@ebix.com

Financial Statement