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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Earnings data Q3 2024

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., June 16, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), (the “Company”) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, travel, healthcare and e-learning industries today issued a response to an article published on June 16, 2022 by a short-selling position holder in Ebix common stock. As the Company's Indian subsidiary is currently under review for an initial public offering in India, Ebix is limited in its ability to respond to the article's specific contents.

Ebix Reaffirms Strong Business Outlook and Responds to Short Report

San Diego, California--(Newsfile Corp. - June 16, 2022) - Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Ebix, Inc. (NASDAQ: EBIX), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focus on investors' losses and whether they may be recovered under the federal securities laws.What if I purchased Ebix common stock? If you purchased Ebix common stock...

(EBIX): Johnson Fistel, Globally-Recognized Law Firm, Investigates Ebix After Short Report Claims

EBIX stock is plunging lower following a short report from Hindenburg Research. The short seller alleges that the company is faking revenue.

EBIX Stock Plunges 40% on Hindenburg Short Report

Shares of conglomerate Ebix Inc. EBIX, -46.15% , which offers payment services, travel and IT in India, slid 34% Thursday, after short seller Hindenburg Research questioned the company's accounting in a new report. Hindenburg said some of the numbers the company has offered relating to its Indian unit EbixCash, which it is planning to take public in a $4.5 billion deal, do not add up.

Ebix shares slide 34% after short seller questions accounting at India unit that is prepping for IPO

Counting 200 offices across 6 continents, Ebix offers software and e-commerce services to the insurance, travel, financial services, healthcare, and e-learning sectors. Let's note that in the last quarterly report, Ebix noted double digit sales growth in travel and foreign exchange revenues.

Ebix: Optimistic Quarterly Reports And Significant Market Growth

Ebixcash IPO on the BSE stock exchange to raise funds in the near future. Mixed results in Q1 with inflation to consider.

Ebix: A Bet On Fintech With High Risk/Reward

JOHNS CREEK, Ga,, May 23, 2022 (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, 2022 to shareholders of record at the close of business on June 3, 2022.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable June 16, 2022 to Shareholders of Record June 3, 2022

Ebix, Inc. (NASDAQ:EBIX ) Q1 2022 Earnings Conference Call May 10, 2022 11:30 AM ET Company Participants Darren Joseph - Head of HR Steven Hamil - CFO Ash Sawhney - President, Insurance Solutions North America Robin Raina - CEO Conference Call Participants Jeff Van Rhee - Craig-Hallum Chris Sakai - Singular Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the Ebix Q1 2022 Financial Results Investor Call. At this time all participants are in a listen-only mode.

Ebix, Inc. (EBIX) CEO Robin Raina on Q1 2022 Results - Earnings Call Transcript

JOHNS CREEK, Ga., May 10, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended March 31, 2022:

Ebix Announces Q1 2022 Revenues of $286.3 Million with 7% Sequential Growth and Diluted EPS of $0.62 with 24% Sequential Growth

MUMBAI, India and JOHNS CREEK, Ga., May 04, 2022 (GLOBE NEWSWIRE) -- BSE Ebix Insurance Broking Private Limited (BSE Ebix), a joint venture of BSE and Ebix Singapore Pte Ltd., announced today that Sachin Seth has been appointed as CEO and MD of BSE Ebix. An upcoming InsurTech player – BSE Ebix is focused on distribution of insurance products through an unrivalled ‘Phygital' pan India reach, by combining the physical presence of tens of thousands of PoSPs with an omnichannel digital channel.

BSE Ebix Appoints Sachin Seth as CEO & Managing Director

JOHNS CREEK, Ga., May 04, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2022 first quarter results on Tuesday, May 10, 2022, and will host an investor conference call at 11:30 am ET on the same day to discuss the Company's performance. The call is open to the public.

Ebix Hosts Q1 Investor Call Tuesday, May 10, 2022 at 11:30 a.m. ET

NOIDA and JOHNS CREEK, April 28, 2022 (GLOBE NEWSWIRE) -- EbixCash Limited, a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, through an integrated business model, today announced that its Chairman Robin Raina was recently felicitated by The Economic Times amongst the "Most Promising Business Leaders of the Asia Award 2021-22".

Economic Times Felicitates EbixCash Chairman Robin Raina Amongst the Most Promising Business Leaders of Asia 2021-22

LONDON, April 26, 2022 (GLOBE NEWSWIRE) -- London Market reform technology specialist Ebix Europe has launched its new platform - ExposureHub, a technology milestone for re/insurance exposure management. Ebix Europe is a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries.

Ebix Europe Launches Innovative Exposure Management Platform - ExposureHub

MUMBAI, India and JOHNS CREEK, Ga, April 25, 2022 (GLOBE NEWSWIRE) -- At the Times Network's India Economic Conclave in Mumbai on April 22nd 2022, Ebix Chairman Robin Raina said the dream of a self-reliant India cannot be realized without advancing into intellectual property creation as a top national priority. The full video of the 30-minute fireside chat at the India Economic Conclave, with Times Network Executive Editor Mihir Bhatt can be seen on – https://ebixcash.com/all n ews/#videos

Full Video of Ebix Chairman Robin Raina in a Fireside Chat - on the Topic 'Aatmanirbhar Bharat - The Global Opportunity' at Times Network's India Economic Conclave 2022

JOHNS CREEK, Ga., April 13, 2022 (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 that the Supreme Court of Delaware has upheld the ruling of the Delaware Chancery Court that had ruled against India-based travel agency platform Yatra.

Ebix Announces The Supreme Court of Delaware Affirms Motion To Dismiss

NOIDA, India, March 23, 2022 (GLOBE NEWSWIRE) -- EbixCash Limited, a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, through an integrated business model, today announced a strategic agreement with Axis Securities, a wholly-owned subsidiary of Axis Bank, to provide end-to-end trading services to customers of EbixCash. The association offers a 3-in-1 account to the customers of EbixCash, allowing them to integrate savings, demat and trading accounts.

EbixCash Partners with Axis Securities to Offer Integrated 3-in-1 Savings, Demat and Trading Account Services to its Customers

NOIDA, India, March 22, 2022 (GLOBE NEWSWIRE) -- EbixCash Limited, a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, through an integrated business model, today announced that it has been awarded the order to design, develop, build, install, maintain and operate the Intelligent Transport Management System (ITMS) for a minimum of 14,950 buses in the state, run by Andhra Pradesh State Road Transport Corporation (APSRTC). The initial term of the contract will be 5 years from the Go-Live date, with EbixCash deploying the platform over the next few months.

EbixCash Wins Long-term Contract for Automating and Digitizing the State of Andhra Pradesh's Bus Ticketing and Fare Collection System

JOHNS CREEK, Ga., March 10, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that its Indian subsidiary EbixCash Limited filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India on March 9, 2022, for an initial public offering aggregating up to INR 60,000 million or $787 million (the “IPO”).

Ebix's Indian Subsidiary EbixCash Files Draft Red Herring Prospectus (DRHP)

Ebix, Inc. (EBIX) CEO Robin Raina on Q4 2021 Results - Earnings Call Transcript

JOHNS CREEK, Ga., March 09, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today reported fiscal 2021 fourth quarter (“Q4 2021”) and full year results for the periods ended December 31, 2021. Ebix will host a conference call to review its results today at 11:00 a.m. EST (details below).

Ebix Reports Record Revenues of $994.9 Million, GAAP Diluted EPS of $2.22

JOHNS CREEK, Ga., March 03, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2021 fourth quarter and full year results on Wednesday, March 9, 2022, 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 Q4 Investor Call Wednesday, March 9, 2022 at 11:00 a.m. ET

JOHNS CREEK, Ga., Feb. 23, 2022 (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 March 16, 2022 to shareholders of record at the close of business on March 4, 2022.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable March 16, 2022 to Shareholders of Record March 4, 2022

NOIDA, India and JOHNS CREEK, Ga., Feb. 17, 2022 (GLOBE NEWSWIRE) -- BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Singapore Pte Ltd., announced the signing of Insurance Broker Agreement for distribution of Life Insurance Corporation (LIC) products on its state-of-the-art hi-tech platform. Under this agreement, BSE EBIX will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence. This partnership of two like-minded organizations aims at offering customer centric solutions backed by technological innovations and best in class services.

BSE EBIX and LIC join hands for distribution of insurance products

Ebix (EBIX) acquired more than 25 companies to form a wholly-owned subsidiary, Ebixcash, in India. Ebixcash is getting ready to go public in India, where equivalent fintech companies have received high valuations.

Ebix: Valuation Mismatch With IPO Bound Ebixcash Subsidiary Offers An Extraordinary Buying Opportunity

NOIDA, India and JOHNS CREEK, Ga., Jan. 25, 2022 (GLOBE NEWSWIRE) -- EbixCash Private Limited, a subsidiary of 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 EbixCash Travel Division has signed strategic sales agreements with two reputed travel wholesalers, namely Malaysia based Universal Travel and Holidays (Universal) and Saudi Arabia based Arjaa Travel & Tourism (Arjaa) to distribute its Via.com travel products in these countries.

EbixCash Travel Signs Strategic Sales Agreement With Leading Malaysian and Saudi Arabian Travel Companies to Distribute EbixCash's Via.Com Travel Products in These Countries

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