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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

74.85USD
17 Nov 2017
Change (% chg)

$-0.90 (-1.19%)
Prev Close
$75.75
Open
$76.00
Day's High
$76.05
Day's Low
$74.85
Volume
57,707
Avg. Vol
49,561
52-wk High
$76.50
52-wk Low
$52.40

Latest Key Developments (Source: Significant Developments)

Vara and Ebix form JV
Friday, 17 Nov 2017 07:30am EST 

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 07:31am EST 

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 08:00am EDT 

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 09:32am EDT 

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

Ebix acquires YouFirst Money Express Private Limited
Monday, 21 Aug 2017 07:29am EDT 

Aug 21 (Reuters) - Ebix Inc :Ebix expands presence in international remittance sector with acquisition of YouFirst Money Express Private Limited.Ebix Inc- ‍acquisition is expected to be accretive to Ebix earnings immediately​.Ebix Inc - ‍company funded transaction using its internal cash reserves​.Ebix Inc - ‍entered into an agreement to acquire money transfer service scheme business of YouFirst Money Express Private Limited​.Ebix -co intends to consolidate both these acquisitions into its financial exchange operations.Ebix Inc - ‍had announced acquisition of MTSS assets of Wall Street Finance Limited on August​ 17.  Full Article

Ebix acquires inward international remittance business from Wall Street Finance Limited
Thursday, 17 Aug 2017 10:34am EDT 

Aug 17 (Reuters) - Ebix Inc ::Ebix signs agreement to acquire inward international remittance business from Wall Street Finance Limited (BSE: WSFIN).Deal for ‍$7.4 million​.Acquisition once approved, is expected to be accretive to EBIX earnings immediately​.Funded transaction using its internal cash reserves​.‍Agreement while approved by Wall Street Board, is subject to its shareholders approval​.  Full Article

Ebix reports Q2 earnings per share $0.74
Tuesday, 8 Aug 2017 07:28am EDT 

Aug 8 (Reuters) - Ebix Inc :Ebix Q2 revenues rose 20.4% to a record $87.4m, eps rose 6% to $0.74 and operating income rose 13% to $26.5m.Q2 earnings per share $0.74.Q2 revenue $87.4 million versus $72.6 million.Ebix Inc - "‍we would like to be at a quarterly revenue run rate of $100 million by q1 of 2018, with at least 30% in operating margins​".Ebix Inc - ‍expect itzcash operating margins to approach 25% in next 6 months​.  Full Article

Ebix acquires 80 pct stake in ItzCash for $120 million
Wednesday, 24 May 2017 07:30am EDT 

May 24 (Reuters) - Ebix Inc :Ebix takes leadership position in digital payments market in India via acquisition of 80% stake in fast-growing ItzCash .Says under terms of agreement, ItzCash was valued at a total enterprise value of about $150 million.Ebix inc says acquisition is expected to be accretive to ebix earnings within next 6 to 9 months.Says acquisition is expected to be accretive to Ebix earnings within next 6 to 9 months.Ebix acquired an 80 percent stake in ItzCash for $120 million including upfront cash of $76 million.Ebix decided to retain entire management team led by managing director of ItzCash Naveen Surya.Says co funded transaction using internal cash reserves from its Indian and Singapore subsidiaries.Ebix Inc - it has entered into a joint venture with India-based Essel Group, while acquiring an 80% stake in ItzCash .  Full Article

Ebix Q1 Q1 earnings per share $0.83
Tuesday, 9 May 2017 08:43am EDT 

May 9 (Reuters) - Ebix Inc ::Ebix Q1 diluted eps rose 24 pct to a record $0.83 on revenues of $79.1m.Q1 earnings per share $0.83.Q1 revenue $79.1 million versus $71.1 million.Ebix - "from an M&A standpoint, we continue to pursue a few acquisition opportunities".Ebix Inc - "hope to announce one such strategic acquisition soon" that has potential to be major growth drivers for co.  Full Article

Ebix Q4 earnings per share $0.76
Tuesday, 28 Feb 2017 07:01am EST 

Ebix Inc : Ebix reports record quarterly results with operating cash flow of $30.7 million, revenues of $80.0m and diluted eps of $0.76; full year revenues rose 12% to $298.3m and diluted eps rose 25% to $2.86 . Q4 earnings per share $0.76 . Q4 revenue $80 million versus $70.2 million .Ebix inc - "we believe that we are well positioned for another solid year in 2017.".  Full Article

BRIEF-Vara and Ebix form JV

* Vara and Ebix announce joint venture, to address it & BPO outsourcing in the financial & insurance sector in India