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Ebix (EBIX) +14.2% following its mixed Q4 results. The fact shares were well below Oct./Nov....

Ebix (EBIX) +14.2% following its mixed Q4 results. The fact shares were well below Oct./Nov. levels led to lowered expectations. Gross margin was 80.7%, +50 bps Y/Y. Opex +22%, nearly even with revenue growth. $3.2M worth of shares were repurchased, and more repurchases are expected in Q1, leading to a slight reduction in share count. No revenue/EPS guidance in the PR. CC at 11AM ET (webcast). (PR)

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