Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended		Twelve Months Ended
	December 31,		December 31,
	2014	2013	2014	2013
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Operating revenue	$ 60,633	$ 50,847	$ 214,321	$ 204,710
Operating expenses:
Cost of services provided	17,537	10,086	47,388	40,471
Product development	6,630	6,414	26,860	26,798
Sales and marketing	3,196	4,085	13,840	15,848
General and administrative	9,963	9,808	36,880	36,480
Amortization and depreciation	2,239	2,648	9,681	10,107
Total operating expenses	39,565	33,041	134,649	129,704
Operating income	21,068	17,806	79,672	75,006
Interest income	53	175	379	518
Interest expense	(2,184)	(265)	(3,034)	(1,226)
Non-operating income (loss) - put options	-	1,592	296	342
Non-operating expense - securities litigation	(340)	-	(690)	(4,226)
Foreign currency exchange gain (loss)	297	64	829	(262)
Income before income taxes	18,894	19,372	77,452	70,152
Income tax expense	(2,347)	(4,127)	(13,894)	(10,878)
Net income	$ 16,547	$ 15,245	$ 63,558	$ 59,274

Basic earnings per common share	$ 0.45	$ 0.40	$ 1.68	$ 1.58

Diluted earnings per common share	$ 0.45	$ 0.40	$ 1.67	$ 1.53

Basic weighted average shares outstanding	36,588	38,043	37,809	37,588

Diluted weighted average shares outstanding	36,801	38,536	38,040	38,642

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