Ebix (NASDAQ:EBIX) reports Q2 results with revenue and EPS beats with revenue up over 20% on the year.
Revenue by channel: Exchanges, $60M (+14%); Risk Compliance Solutions, $22.7M (+26%); Broker Solutions, $3.6M (4%); Carrier Systems, $756K (-7%).
Operating margins decreased to 30% from 32% in the prior year’s quarter. Operating income rose 13% to $26.5M.
Cash from operations was $15.5M and Ebix ended the quarter with $68M in cash and equivalents.
CEO Robin Raina outlines a goal of achieving a $100M quarterly revenue run rate by 1Q18 with a 30% operating margin.
Ebis shares are up 3.1% premarket.
Previously: Ebix beats by $0.04, beats on revenue (Aug. 8)
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