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Atlanta, Georgia - (Cheap Web Hosting Directory) - November 5, 2007 - International developer and supplier of software and e-commerce solutions to the insurance industry, Ebix, Inc., has revealed a record financial quarter, including $1 diluted EPS, as revenues rise sixty two percent to $11.81 million.

The results marked the highest EPS in any one quarter that the company has reported in its thirty one year history. The company reported total revenue of $11.81 million for the third quarter of 2007, compared to $7.30 million for the third quarter of 2006, marking a sixty two percent increase in revenues.

Net income after taxes for the quarter rose one hundred twenty three percent to $3.69 million, or $1 per diluted share, up from $1.66 million, or $0.53 per diluted share, in the third quarter of 2006 - an earnings per share growth of eighty nine percent. Results for the third quarter of 2007 were based on 3.68 million weighted average diluted shares outstanding, as compared to 3.12 million in the third quarter of 2006. The company also reported basic earnings per share in the third quarter of 2007 of $1.13 as compared to $0.60 in the third quarter of 2006.

The company’s operating expenses for the quarter grew by forty eight percent to $8.09 million as compared to $5.47 million for the third quarter of 2006. The company attributed the increase primarily to the acquisition of Finetre in October 2006.

The company also reported that its year-to-date net income thru September 2007 grew by 90 percent to $ 8.17 million as compared to $ 4.29 million for the same period in 2006. The nine month cumulative diluted EPS for 2007 grew by seventy four percent to $2.39 as compared to cumulative diluted EPS of $1.37 for the same period in 2006.

Robin Raina, President and CEO of Ebix remarked, ”We are pleased with the direction and momentum that the company has gained today in terms of its growth plans. We are especially pleased that the net margins in our business have grown in this quarter to 32%. With approximately $ 16 million in the bank, a $15 million credit line with LaSalle Bank and no other bank debt, the company is well poised financially to invest in its future. We intend to use this money effectively towards looking to fund accretive acquisitions in the near and long term future.”

Robert Kerris, Chief Financial Officer of Ebix, commented that ”The $11.81 of third quarter revenue represents a twenty percent increase over the second quarter and generated an additional $1.41 million of operating income. Our operating margins continue to show significant improvement increasing 8.1% to 31.5% for the nine months ended September 30, 2007 compared to the same period in 2006. The improved operating results during this nine period provided $8.85 million of cash flow from operating activities which is a $6.57 million increase compared to a year earlier.”

Ebix, Inc. is an international supplier of software and e-commerce solutions to the insurance industry. Ebix 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 services industries. Ebix’s goal is to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges, by combining the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.

With bases in Singapore, Australia, the US, UK, New Zealand, India and Canada, Ebix employs insurance and technology professionals who provide products, support and consultancy to more than 3,000 customers on six continents. Ebix was awarded Level 5 status of the Carnegie Mellon Software Engineering Institute’s Capability Maturity Model (CMM). Ebix has also earned ISO 9001:2000 certification for both its development and call center units in India.

To learn more about Ebix, please visit: www.ebix.com.

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