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Atlanta, Georgia - (Cheap Web Hosting Directory) - March 14, 2008 - International developer and supplier of software and e-commerce solutions firm, Ebix, Inc., has reported record financial results for the fourth quarter of 2007, marking a historic rise of 112% to $12.7 million.

Robert Kerris, Chief Financial Officer of Ebix remarked, ”The 4th quarter net income of $4.50 million is a 22% improvement over the 3rd quarter and represents the eighth consecutive quarter of significant net income growth. Our operating margins continue to improve, increasing to 30% for 2007 from 23% in 2006. This positive trend in net income and operating margins are good measures of our continuous efforts to improve the profitability of our business. In addition, the Company generated $14.4 million in net cash from operating activities representing an increase of $10.2 million or 242% from the $4.2 million of operating cash flows from just a year earlier. We will continue to invest the cash generated from our operations into the strengthening of our balance sheet and the expansion of our business, both organically and through accretive acquisitions.”

Ebix’s 2007 fourth quarter revenue rose 31% to $12.20 million, compared to $9.28 million during the fourth quarter of 2006. Q4 net income rose 169% to $4.50 million, or $1.20 per diluted share, versus Q4 06 net income of $1.67 million, or $0.53 per diluted share. Results for Q4 2007 and Q4 2006 were based on 3.8 and 3.2 million weighted average diluted shares outstanding respectively.

Robin Raina, President and Chief Executive Officer of Ebix commented, ”We are pleased with these results and see them as another step forward in our vision plan to be the largest insurance services player in the world-wide insurance markets. While there is reason to feel encouraged with our continued and consistent success, we realize that we are still far from the destination of being the most dominant player globally. The Q4 2007 results are in line with our expectations and include only two months of revenues from our acquisition of IDS in November 2007. Our Q4 2007 performance is a record result for the company in terms of net income and diluted EPS both. The 37% operating margins for Q4 of 2007 is a result that we are especially pleased with. During 2007, we experienced top line growth in every division of the company both domestically and internationally. We made many strategic decisions like combining our life and annuity exchanges under the EbixExchange name or making a solid entry into the Insurance BPO markets by our November 2007 acquisition of Jenquest, Inc. one of the largest insurance certificates tracking players in the United States. While 2007 has established a new benchmark as a record year both in terms of income and earnings we believe our best is yet to come. We are encouraged by our recent acquisition of Telstra EBusiness in Australia for A$50 Million. The impact of that acquisition is likely to show in 2008 since that acquisition was completed on January 2nd, 2008.”

Ebix’s total revenue rose 46% to $42.84 million in 2007, compared to $29.25 million in 2006. Ebix’s operating income rose 91% to $12.80 million in fiscal 2007, compared to operating income of $6.71 million in 2006. In 2007, the Company’s net income rose 112% to $12.67 million, or $3.61 per diluted share, compared to net income of $5.97 million, or $1.90 per diluted share, in 2006. In 2007, the Company’s basic earnings per common share rose to $4.08 as compared to basic earning per common share of $2.15 in 2006. Results for 2007 and 2006 were based on 3.1 million and 2.8 million weighted average basic shares outstanding respectively.

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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