–Q4 Pre-Split Diluted EPS of $0.92, up 40% Year-Over-Year
–Full Fiscal Year Pre-Split Diluted EPS of $3.10, up 36% Year-Over-Year
–Q4 Net Income of $12.1 Million, up 53% Year-Over-Year
–Full Year Net Income of $38.8 Million, up 42% Year-Over-Year
Ebix, Inc. , a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today reported results for the fiscal fourth quarter and full year ended December 31, 2009.
“These results mark 10 years of continued sequential growth for Ebix in the areas of revenue, net income and diluted EPS,” said Robin Raina, chairman, president and CEO, Ebix Inc. “Our Q4 and full year results both are record results for the Company. These results demonstrate our ability to withstand difficult times in the industry and the economy. To come up with our best ever results in a year, which was easily considered the worst year in a decade for the insurance industry, makes this year’s performance even more special for us. We believe that the story can get even better from here.”
Ebix delivered the following results for the fourth quarter and full year of 2009:
Revenues: Total Q4 2009 revenue was $31.3 million, an increase of 55% on a year-over-year basis, as compared to Q4 2008 revenue of $20.1 million.
The Company has its headquarters in Atlanta (GA), and has domestic operations in Los Angeles (CA), San Diego (CA), Walnut Creek (CA), Hemet (CA), Pittsburgh (PA), Miami (FL), Park City (UT), Herndon (VA), Columbus (OH), Dallas (TX) and Portland (MI). The Company also has offices in seven other countries â€“ Australia, New Zealand, Singapore, China, Japan, Canada and India.
Atlanta ranks 2nd among the most broadband-connected U.S. cities according to the 2010 Forbes study. The study measures the access to broadband in the city and the density of Wi-Fi hot spots.
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Atlanta ranked 16th among total Wi-Fi hot spots, 1st for broadband adoption, and second for access options.