- NASDAQ:EBIX has made fresh highs after topping Q1 estimates. A 255% Y/Y increase in Risk Compliance Solutions (RCS) revenue contributed to the beat, as did an 11% increase in Exchange division revenue to $46.7M. Broker Systems revenue fell 16% to $3.7M, and Carrier System revenue 17% to $1.2M.
- Ebix attributes its sales growth to "revenue growth from Life, Annuity, Underwriting, CRM and Health Ecommerce services in addition to revenue growth generated from the Company's 2014 acquisitions of HealthCare Magic, Vertex, and Oakstone, partially offset by the drop in revenue from international locations as a result of the strengthening U.S. dollar and a decrease in revenues from the company's pharmaceutical and P&C Carrier backend operations." A strong dollar had a $1.9M impact on sales.
- EPS received a lift from $22.3M worth of buybacks. Thanks in part to acquisitions, GAAP costs/expenses rose 35% Y/Y to $43.3M.
- Q1 results, PR