Ebix Q1 revenuedown 2%

Ebix, Inc. (NASDAQ: EBIX) reported first quarter 2014 revenue of USD51.4m, a decrease of two percent on a year-over-year basis, as compared to the first quarter of 2013 revenue of USD52.6m and a sequential increase of USD0.60m over the fourth quarter of 2013 revenue of USD50.8m.

On a constant currency basis, first quarter 2014 revenue increased year over year to USD53.3m as compared to USD52.6m in the 2013 first quarter. The company´s first quarter 2014 revenues, on a constant currency basis, increased by USD1.0m from USD50.8m for the fourth quarter of 2013.

Ebix provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.Its website is at www.ebix.com.

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