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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Ebix Announces 5 For 1 Stock Split
Thursday, 20 Sep 2018 

Ebix Inc ::EBIX ANNOUNCES 5 FOR 1 STOCK SPLIT.EBIX INC - TRADING IS LIKELY TO BEGIN ON A SPLIT-ADJUSTED BASIS PRIOR TO DECEMBER 15, 2018.EBIX INC - ANTICIPATES HOLDING MEETING SO THAT INCREASE IN AUTHORIZED SHARES CAN BE APPROVED ON OR ABOUT NOVEMBER 16.  Full Article

Ebix To Acquire CentrumDirect Ltd
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Ebix Inc ::EBIX TAKES LEADERSHIP POSITION IN INDIA’S FOREIGN EXCHANGE AND OUTWARD REMITTANCE MARKETS WITH AGREEMENT TO ACQUIRE CENTRUMDIRECT LIMITED.INTENDS TO FUND ENTIRE TRANSACTION IN CASH, USING ITS EXISTING BANK LINE AND INTERNAL CASH RESERVES.EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO ITS EARNINGS AND FORECASTS IT TO GENERATE $0.25 IN INCREASED DILUTED EPS​.  Full Article

Centrum Capital To Divest Stake In Centrum Direct
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Centrum Capital Ltd ::SAYS AGREEMENT TO DIVEST ITS FULL STAKE IN CENTRUM DIRECT , ITS MONEY EXCHANGE BUSINESS.SAYS ENTIRE CDL TEAM AND ASSETS WILL BE TRANSFERRED TO EBIX INC AND WILL BECOME A PART OF EBIXCASH.TO SELL ITS MONEY EXCHANGE BUSINESS TO EBIX INC. FOR ABOUT 12 BILLION RUPEES.  Full Article

Ebix Inc Reports Q4 EPS $0.84
Thursday, 1 Mar 2018 

March 1 (Reuters) - Ebix Inc ::EBIX Q4 REVENUE ROSE 31% TO $104.7M AND EPS ROSE 11% TO $0.84; FULL YEAR REVENUE ROSE 22% TO $364.0M AND EPS ROSE 11% TO $3.17.Q4 EARNINGS PER SHARE $0.84.Q4 REVENUE $104.7 MILLION VERSUS $80 MILLION.  Full Article

Ebix Increases Credit Facility To $650 Million
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Ebix Inc ::TO FUND ITS GROWTH INITIATIVES, EBIX INCREASES CREDIT FACILITY TO $650 MILLION WITH THE ABILITY TO UPSIZE TO $800 MILLION VIA AN ACCORDION OPTION.EBIX INC - ‍ANNOUNCED EXPANSION OF ITS EXISTING CREDIT FACILITY FROM $450 MILLION TO $650 MILLION​.EBIX INC - NEW CREDIT FACILITY HAS A 5-YEAR TERM LOAN FOR $250 MILLION.EBIX INC - NEW CREDIT FACILITY ALSO ALLOWS FOR UP TO $150 MILLION OF INCREMENTAL FACILITIES.EBIX INC - NEW CREDIT FACILITY ALSO HAS A 5-YEAR REVOLVING CREDIT FACILITY FOR $400 MILLION.EBIX INC - NOW HAS ACCESS TO TOTAL FUNDS OF APPROXIMATELY $331 MILLION.  Full Article

Ebix Signs Agreement To Acquire Inward International Remittance Business From Transcorp International
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Ebix Inc ::EBIX SIGNS AGREEMENT TO ACQUIRE INWARD INTERNATIONAL REMITTANCE BUSINESS FROM TRANSCORP INTERNATIONAL LIMITED (BSE:TRANSCOR.BO).EBIX INC - DEAL FOR ‍APPROXIMATELY $7.4 MILLION​.EBIX - DEAL EXPECTED TO BE ACCRETIVE TO EBIX EARNINGS IMMEDIATELY..EBIX INC - ‍FUNDED TRANSACTION USING ITS INTERNAL CASH RESERVES​.  Full Article

Vara and Ebix form JV
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Ebix Inc ::Vara and Ebix announce joint venture, to address it & BPO outsourcing in the financial & insurance sector in India.Ebix says ‍its Indian subsidiary Ebix Software India Private Limited, Vara Technologies Private have entered into joint venture strategic partnership​.Ebix Inc - Ebix agreed to infuse capital in Vara Tech's subsidiary Vara United Private Limited through subscription of newly issued shares​.Ebix - ‍Ebix has valued Vara's enterprise value at approximately $46 million​.Ebix - ‍new venture to be branded as Vara-Ebix, involves a capital infusion by Ebix​.Ebix - expects transaction to be immediately accretive to its shareholders; co funding transaction in cash using cash reserves​.  Full Article

Ebix Inc Q3 revenue $92.8 mln
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Ebix Inc :Ebix Q3 revenues rose 24% to a record $92.8m, operating income rose 15% to $27.9m and diluted EPS rose 4% to $0.76.Q3 earnings per share $0.76.Q3 earnings per share view $0.72 -- Thomson Reuters I/B/E/S.Q3 2017 revenue rose 24% to $92.8 million compared to $74.6 million in Q3 2016​.Expect Q4 top line to be substantially better than Q3 as it will include revenues from a few additional acquisitions expected to close in Q4​.On bottom line, co expects operating margins to improve by a few points beyond 30% over next 6 months​.Says "our aspirational goal for Ebix is to reach a quarterly revenue run rate above $100 million by Q1 2018 with operating margins at or above 30%"​.  Full Article

Ebix Inc to buy Via.com for about $74.9 million​​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Ebix Inc :Ebix expands on leadership position in financial exchange markets in India through the acquisition of leading travel exchange Via.One of its Singapore subsidiaries has entered into an agreement to acquire via.com​.Under terms of agreement, via was valued at a total enterprise value of approximately $74.9 million​.Acquisition is expected to be accretive to Ebix earnings immediately​.Expects Via.com​ business to generate around $33 million in GAAP revenues in 2018 with approximately 30 percent operating margins.  Full Article

Ebix Inc to buy money transfer service scheme business of India's Paul Merchants
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - Ebix Inc ::To buy money transfer service scheme business of Paul Merchants for about $40.7 million.Deal expected to be accretive to Ebix earnings immediately; co funded transaction using internal cash reserves.As part of deal, Paul Merchants will take 10 percent stake in Ebix’s combined international remittance business entity in India for cash consideration.  Full Article