Ebix revenue down 7% in Q3 from prior year's quarter

Ebix, Inc. (NASDAQ: EBIX) reported its revenue for the third quarter of 2013 was USD50.3m, a decrease of 7% on a year-over-year basis, as compared to Q3 2012 revenue of USD53.8m.

On a constant currency basis, Ebix revenue increased sequentially to USD51.9m in Q3 of 2013 as compared to USD51.5m in Q2 of 2013.

On a year-over-year basis, Ebix quarterly revenue was affected negatively by approximately USD1.6m due to the strengthening of the US dollar, while the professional services revenues from one of the company´s 2012 acquisitions – PlanetSoft dropped by USD1.3m due to certain delayed implementations announced earlier in Q4 of 2012.

An international supplier of on-demand software and e-commerce services to the insurance industry, Ebix provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry. For more information, visit the company´s website at www.ebix.com

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Comment

Powered by WordPress