Ebix (EBIX) Tops Q2 EPS by 50c, Revenues Beat

Ebix (NASDAQ: EBIX) reported Q2 EPS of $0.88, $0.50 better than the analyst estimate of $0.38. Revenue for the quarter came in at $111.3 million versus the consensus estimate of $110.95 million.

• Diluted EPS (GAAP) of $0.76 and Non-GAAP diluted EPS of $0.88
• Operating cash flow of $28.8 million
• Revenues of $111.3 million and constant currency revenues of $117.4 million
• GAAP operating income of $31.9 million and Non-GAAP operating income of $35.7 million

“In spite of the impact of lockdowns, foreign currency hits on account of US dollar strengthening and many of our Divisions being severely impacted by COVID-19 across the world, we are reporting Q2’20 EBITDA plus stock based compensation of $36.3 million, an impressive 32% of total revenues. Robin Raina, Chairman of the Board, President & CEO said. “Also following the Q1 2020 operating cash flow performance of $29.6 million, Q2 2020 operating cash flow remained strong at $28.8 million - showing the continued fundamental strength of our businesses. We are very pleased with that.”

For earnings history and earnings-related data on Ebix (EBIX) click here.

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