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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

80.95USD
24 Sep 2018
Change (% chg)

$0.55 (+0.68%)
Prev Close
$80.40
Open
$80.10
Day's High
$81.15
Day's Low
$79.90
Volume
34,750
Avg. Vol
51,929
52-wk High
$89.10
52-wk Low
$59.10

Latest Key Developments (Source: Significant Developments)

Ebix Reports Q1 Revenue Of $108.2 Mln Versus $79.1 Mln
Wednesday, 9 May 2018 

May 9 (Reuters) - Ebix Inc ::EBIX Q1 REVENUES ROSE 36.8% TO RECORD $108.2M, OPERATING INCOME ROSE 31.9% TO $33.9M, EPS UNCHANGED AT $0.83.Q1 REVENUE $108.2 MILLION VERSUS $79.1 MILLION.FACED HEAD WINDS IN Q1 2018 THAT IMPACTED SEQUENTIAL REVENUE COMPARISON WITH Q4 2017 BY $5 MILLION.  Full Article

Ebix Enters India’s E-Learning Markets
Thursday, 19 Apr 2018 

April 19 (Reuters) - Ebix Inc ::EBIX ENTERS INDIA’S E-LEARNING MARKETS VIA ACQUISITION OF 60 PERCENT STAKE IN SMARTCLASS EDUCATIONAL SERVICES.EBIX INC - EBIX WILL PAY UP TO $8 MILLION IN CASH FOR ITS STAKE IN SMARTCLASS..EBIX INC - EXPECTS DEAL TO BE ACCRETIVE TO ITS EARNINGS, FORECASTS UP TO $0.20 IN INCREASED EPS, ONCE DEAL IS INTEGRATED OVER NEXT 6 MONTHS.  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

Ebix ‍Ended Bid To Form JV With Vara Tech's Unit​
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Ebix Inc ::ENDED BID TO FORM STRATEGIC CONSULTING JV WITH VARA TECH'S UNIT VARA UNITED PRIVATE LIMITED​.  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

BRIEF-Ebix Reports Q1 Revenue Of $108.2 Mln Versus $79.1 Mln

* EBIX Q1 REVENUES ROSE 36.8% TO RECORD $108.2M, OPERATING INCOME ROSE 31.9% TO $33.9M, EPS UNCHANGED AT $0.83