Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2017	2016	2017	2016
Operating revenue	$87,387	$72,574	$166,490	$143,640

Operating expenses:
Cost of services provided	30,932	20,579	56,119	40,181
Product development	8,417	8,285	16,767	16,350
Sales and marketing	4,142	4,206	8,479	8,539
General and administrative, net	14,598	13,310	27,282	24,893
Amortization and depreciation	2,759	2,630	5,614	5,350
Total operating expenses	60,848	49,010	114,261	95,313
Operating income	26,539	23,564	52,229	48,327
Interest income	465	441	1,239	584
Interest expense	(3,018)	(2,185)	(5,486)	(3,459)
Foreign currency exchange gain (loss)	(391)	(195)	3,105	274
Income before income taxes	23,595	21,625	51,087	45,726
Income tax (expense) benefit	302	1,418	(567)	(332)
Net income including noncontrolling interest	23,897	23,043	50,520	45,394
Net income attributable to noncontrolling interest (see Note 8)	463	51	659	243
Net income attributable to Ebix, Inc.	$23,434	$22,992	$49,861	$45,151
Basic earnings per common share attributable to Ebix, Inc.	$0.74	$0.70	$1.58	$1.37
Diluted earnings per common share attributable to Ebix, Inc.	$0.74	$0.70	$1.57	$1.36
Basic weighted average shares outstanding	31,490	32,688	31,648	32,866
Diluted weighted average shares outstanding	31,637	32,969	31,805	33,140

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