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Ebix -2.6% as Q1 revenues miss despite broad growth

May 09, 2017 12:03 PM ETEbix, Inc. (EBIXQ) StockBy: Jason Aycock, SA News Editor1 Comment
  • Ebix (NASDAQ:EBIX) is 2.6% lower this morning after its Q1 earnings missed revenue expectations, though its biggest segment continued to expand and the company pursued business development.
  • Sales increased slightly in its biggest channel contributor (Exchanges) and the company marked strong growth in Risk Compliance, but revenues were down 1% sequentially.
  • EPS grew 24% and beat, and cash from operations was up 49% to $15.7M.
  • Operating margins fell to 33% from a year-ago 35%.
  • "From an M&A standpoint, we continue to pursue a few acquisition opportunities that in my view have the potential to be major growth drivers for Ebix. We hope to announce one such strategic acquisition soon," says CEO Robin Raina.
  • Revenue by channel: Exchanges, $52.6M (up 5%); Risk Compliance Solutions, $21.85M (up 30%); Broker Solutions, $3.8M (up 18%); Carrier Systems, $849,000 (down 17%).
  • Press Release

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