Insurance Software Solution | Insurance Software Development -Ebix

	Six Months Ended September 30,
	2015 (Unaudited)
Operating revenue	66,813	63,753
Operating expenses:
Cost of services provided	17,809	19,485
Product development	8,338	7,047
Sales and marketing	3,805	3,379
General and administrative	12,128	10,746
Amortization and depreciation	2765	2597
Total operating expenses	44,845	43,254
Operating income	21,968	20,499
Interest income	62
Other non-operating income	—
Interest expense	(1,058)	(719)
Non-operating income (loss) - put options	—	—
Non-operating expense - securities litigation	—	—
Foreign currency exchange gain (loss)	1,137	892
Income before income taxes	22,109	20,733
Income tax expense	(1,877)	(2,397)
Net income	$20,232	$18,336
Basic earnings per common share	$0.59	$0.51
Diluted earnings per common share	$0.59	$0.51
Basic weighted average shares outstanding	34,304	35,708
Diluted weighted average shares outstanding	34,515	35,954

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