Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended		Twelve Months Ended
	December 31,		December 31,
	2015	2014	2015	2014
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Operating revenue	$70,204	$60,633	$265,482	$214,321
Operating expenses:
Operating expenses:
Cost of services provided	16,444	17,537	72,437	47,388
Product development	8,029	6,630	30,702	26,860
Sales and marketing	4,122	3,196	14,917	13,840
General and administrative (net)	13,083	9,963	48,078	36,880
Amortization and depreciation	2,702	2,239	10,634	9,681
Total operating expenses	44,380	39,565	176,768	134,649
Total operating expenses
Operating income	25,824	21,068	88,714	79,672
Interest income	64	53	231	379
Interest expense	(1,909)	(2,184)	(4,311)	(3,034)
Non-operating income - put options	-	-	-	296
Non-operating expense - securities litigation	-	(340)	-	(690)
Foreign currency exchange gain (loss)	(354)	297	2,005	829
Income before income taxes	23,625	18,894	86,639	77,452
Income tax expense	(1,696)	(2,347)	(7,106)	(13,894)
Net income	$21,929	$16,547	$79,533	$63,558

Basic earnings per common share	$0.65	$0.45	$2.29	$1.68

Diluted earnings per common share	$0.65	$0.45	$2.28	$1.67

Basic weighted average shares outstanding	33,678	36,588	34,668	37,809

Diluted weighted average shares outstanding	33,931	36,801	34,901	38,040

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