Ebix

Ebix, Inc. engages in the provision of software and e-commerce services to the insurance, finance, and healthcare industries. It operates through the following product and service channels: EbixCash Exchanges, Insurance Exchanges, and Risk Compliance Solutions. The EbixCash Exchanges channel offers money transfer, payment, and ticketing and travel services. The Insurance Exchanges channel includes software, setup, customization, transaction processing, maintenance, and hosting services. The Risk Compliance Solutions channel consists of certificates of insurance and consulting services. The company was founded in 1976 and is headquartered in Johns Creek, GA.

Earnings data Q1 2020

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Ebix achieves record revenue in 2022 amidst currency challenges

Ebix had a strong year in terms of revenue but faced challenges in Q4 2022, including currency impacts and increased expenses.
The company's EbixCash business showed significant growth, while North America saw market share gains in specific divisions.
Challenges include the EHAE joint venture's impact on revenues and the need to address refinancing and credit facility maturity.
Ebix is focused on seizing growth opportunities, optimizing tax rates, and reducing interest costs through potential IPO and refinancing strategies.

Ebix reports robust Q1 earnings, eyes growth amid challenges

Ebix delivered strong financial performance in Q1 2023 with revenue growth and improved operating income.
The company faces challenges from external factors like inflation and changing revenue recognition rules.
Opportunities lie in expanding EbixCash, pursuing high-margin projects, and enhancing operational efficiency.
Strategic focus on debt reduction and growth initiatives demonstrate a proactive approach to financial management.
Maintaining operating margins and navigating revenue materiality concerns are key priorities for future success.

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Ebix is a leading international supplier of software and e-commerce solutions to the insurance industry. They provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries. Their powers businesses in more than 50 countries across six continents.

JOHNS CREEK, Ga., Aug.  20, 2020  (GLOBE NEWSWIRE) -- BSE Ebix Insurance Broking Private Limited (BSE Ebix) today announced its alliance with Universal Sompo General Insurance Company Ltd - a joint venture between the Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corp and Sompo Japan Insurance Inc. BSE Ebix is a joint venture between BSE (Bombay Stock Exchange), the first stock exchange of Asia and Ebix Fincorp Exchange Pte Ltd, a subsidiary of Ebix, Inc.(NASDAQ:EBIX)

Universal Sompo General Insurance and BSE EBIX Sign Agreement to Sell General Insurance Products

Ebix's (EBIX) CEO Robin Raina on Q2 2020 Results - Earnings Call Transcript

EBITDA plus stock-based compensation of $36.3 million EBITDA plus stock-based compensation of $36.3 million

UPDATE -- Ebix Reports $28.8M of Operating Cash Flow Despite COVID-19

Ebix Reports $28.8M of Operating Cash Flow Despite COVID-19

Ebix (NASDAQ: EBIX) announces its next round of earnings this Friday, August 07.

Earnings Outlook for Ebix

JOHNS CREEK, Ga., Aug.  03, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that the Company will report its 2020 second quarter results on Friday, August 7th, 2020, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public.

Ebix Hosts Q2 Investor Call Friday, August 7th at 11:00 a.m. ET

MUMBAI, India, July  13, 2020  (GLOBE NEWSWIRE) -- BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of Life insurance on its state-of-the-art hi-tech platform by enrolling two of India’s leading Life Insurance Companies, namely - Aditya Birla Sun Life Insurance Co Ltd & Bajaj Allianz Life Insurance Co Ltd.

BSE EBIX Beta Launches Life Insurance on its On-Demand Hi-Tech Platform

JOHNS CREEK, Ga., June  23, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced an integration with AnnuityNet, EbixExchange’s industry-leading order-entry solution for annuity transactions, and SIMON Markets LLC and SIMON Annuities and Insurance Services LLC (“SIMON”). Designed to optimize advisor experience through increased efficiency and reduction of compliance risk, AnnuityNet fully automates the annuity transaction, including automated calculation of suitability scores and transaction routing through compliance workflows. This innovative partnership promises to tap into new markets for annuity sales by seamlessly connecting wealth management advisors on SIMON’s cloud-based annuities platform to insurance carrier offerings, creating a simplified, end-to-end annuity sales experience. 

Ebix Announces Integration with SIMON; Expands InsurTech Platform with New e-App Capabilities

Ebix sees its Relative Strength Rating reach the 80-plus level.
The post Ebix Clears Key Benchmark, Hitting 80-Plus RS Rating appeared first on Investor's Business Daily.

Ebix Clears Key Benchmark, Hitting 80-Plus RS Rating

NOIDA, India, June  08, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today issued a statement in response to the termination of the merger agreement with Yatra.

Ebix Likely to File Counter Suit Against Yatra on Grounds of Multiple Breaches

JOHNS CREEK, Ga., June  08, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today issued a statement in response to the termination of the merger agreement with Yatra.

Ebix Statement on Termination of Merger Agreement with Yatra

Yatra Online

Indian online travel booking company Yatra has terminated a pending merger agreement with Atlanta-based software firm Ebix and filed a litigation seeking “substantial damages” over alleged breach of deal terms. In July last year, Ebix announced its plan to acquire Yatra, giving the Indian firm an enterprise value of $337.8 million, in a move to […]

Indian online travel booking firm Yatra terminates merger deal with Ebix

ATLANTA, June  03, 2020  (GLOBE NEWSWIRE) -- BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of Health insurance on its state-of-the-art hi-tech platform by enrolling Religare Health Insurance Company Ltd, India’s leading standalone health insurer. Through this launch, BSE Ebix will be able to offer various health insurance products to its participants.

After Auto Insurance, BSE EBIX Beta Launches Health Insurance on its On-Demand Hi-Tech Platform

JOHNS CREEK, Ga., May  21, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable June 16, 2020 to shareholders of record at the close of business on June 2, 2020.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable June 16, 2020, to Shareholders of Record June 2, 2020

Ebix's (EBIX) CEO Robin Raina on Q1 2020 Results - Earnings Call Transcript

Shares of Ebix (NASDAQ:EBIX) rose 2.2% in pre-market trading after the company reported Q1 results.

Ebix: Q1 Earnings Insights

JOHNS CREEK, Ga., May  11, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), today announced the following results for the quarter ended March 31, 2020:

Ebix Announces First Quarter Fiscal Year 2020 Financial Results

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Ebix Will Walk From Yatra, If Shareholders' Interests Prevail

JOHNS CREEK, Ga., April  08, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announces an addition to its leadership team with the appointment of Steven M. Hamil (Steve) as Executive Vice President and Global Chief Financial Officer. 

Steve Hamil to Join Ebix as Global Chief Financial Officer

JOHNS CREEK, Ga., March  19, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that all its core platforms are operational and running as normal worldwide.

Ebix Provides Operational Client Update in Light of Coronavirus

JOHNS CREEK, Ga., March  18, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced today that it is not aware of any news, events or tariffs other than the temporary effect arising out of Corona virus, that would negatively impact its financial and insurance exchanges and global operations.

EBIX ISSUES A UPDATE ON ITS BUSINESS

Ebix, Inc. (EBIX) CEO Robin Raina on Q4 2019 Results - Earnings Call Transcript

Ebixcash IPO, BSE Deal Make Ebix A Buy At Its 4-Year Low

JOHNS CREEK, Ga., Feb.  27, 2020  (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today declared the possible range of impact of the Corona virus on its business.

News for Ebix Stock (EBIX)