Ebix, Inc. and Subsidiaries
Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
Three Months Ended March 31,
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2008 2007
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Operating Revenue: $ 16,639 $ 9,018
Operating expenses:
Costs of services provided 2,843 1,566
Product development 2,171 1,850
Sales and marketing 847 952
General and administrative 3,816 1,787
Amortization and depreciation 819 625
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Total operating expenses 10,496 6,780
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Operating income 6,143 2,238
Interest income 122 71
Interest expense (342) (228)
Foreign exchange gain 59 5
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Income before income taxes 5,982 2,086
Income tax provision (312) (124)
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Net income $ 5,670 $ 1,962
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Basic earnings per common share $ 1.66 $ 0.69
Diluted earnings per common share $ 1.40 $ 0.61
Basic weighted average shares outstanding 3,406 2,848
Diluted weighted average shares
outstanding 4,154 3,216 |
