Ebix Board of Directors Raises the Quarterly Dividend by 25% to $0.05 Per Share
Ebix, Inc.
13.03.2012 12:30
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ATLANTA, 2012-03-13 12:30 CET (GLOBE NEWSWIRE) --
Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand
software and E-commerce services to the insurance industry, today announced
that its Board of Directors has increased the quarterly dividend by 25% to
$0.05. The next dividend is payable at the end of May. The record date and
payment date will be announced shortly.
Ebix Chairman and CEO Robin Raina said, 'The increase in the dividend just six
months after the Board of Directors authorized our first dividend, reflects the
strength of our business as seen in the record Full Year 2011 Net Income and
EPS announced earlier today. The Board remains confident in the sustainability
of the Company's Free Cash Flow to be used to grow Ebix through reinvestment in
the core business as well as return capital to shareholders through stock
repurchases and dividends.'
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services
to the insurance, financial and health industries, Ebix, Inc., (Nasdaq:EBIX)
provides end-to-end solutions ranging from infrastructure exchanges, carrier
systems, agency systems and BPO services to custom software development for all
entities involved in the insurance industry.
With 30+ offices across Brazil, Singapore, Australia, the US, New Zealand,
India and Canada, Ebix powers multiple exchanges across the world in the field
of life, annuity, health and property & casualty insurance while conducting in
excess of $100 billion in insurance premiums on its platforms. Through its
various SaaS-based software platforms, Ebix employs hundreds of insurance and
technology professionals to provide products, support and consultancy to
thousands of customers on six continents. Ebix's focus on quality has enabled
it to be awarded Level 5 status of the Carnegie Mellon Software Engineering
Institute's Capability Maturity Model (CMM). With a recent ISO 27001-security
certification, the Company also has a ISO 9001:2000 certification for both its
development and BPO units in India. For more information, visit the Company's
website at www.ebix.com
Safe Harbor for Forward Looking Statements under the Private Securities
Litigation Reform Act of 1995 -- This press release contains various forward
looking statements and information that are based on management's beliefs, as
well as assumptions made by, and information currently available to management,
including statements regarding future economic performance and financial
condition, liquidity and capital resources, acceptance of the Company's
products by the market and management's plans and objectives. The Company has
tried to identify such forward looking statements by use of words such as
'expects,' 'intends,' 'anticipates,' 'plans,' 'believes,' 'will,' 'should,' and
similar expressions, but these words are not the exclusive means of identifying
such statements. Such statements are subject to various risks, uncertainties
and other factors which could cause actual results to vary materially from
those expressed in, or implied by, the forward looking statements. Such risks,
uncertainties and other factors include the extent to which the Company's new
products and services can be successfully developed and marketed, the
integration and other risks associated with recent and future acquisitions, the
willingness of independent insurance agencies to outsource their computer and
other processing needs to third parties, the Company's ability to continue to
develop new products to effectively address market needs in an industry
characterized by rapid technological change, the Company's dependence on the
insurance industry (and in particular independent agents), the highly
competitive and rapidly changing automation systems market, the Company's
ability to effectively protect its applications software and other proprietary
information, the Company's ability to attract and retain quality management,
and software, technical sales and other personnel, the potential negative
impact on the Company's outsourcing business in India from adverse publicity
and possible governmental regulation, the risks of disruption of the Company's
Internet connections or internal service problems, the possibly adverse effects
of a substantial increase in volume of traffic on the Company's website,
mainframe and other servers, possible security breaches on the Company's
website and the possible effects of insurance regulation on the Company's
business. Certain of these, as well as other, risks, uncertainties and other
factors, are described in more detail in Ebix's periodic filings with the
Securities and Exchange Commission, including the company's annual report on
form 10-K for the year ended December 31, 2010, included under 'Item 1A.
Business--Risk Factors.' Except as expressly required by the federal securities
laws, the Company undertakes no obligation to update any such factors or to
publicly update any of the forward looking statements contained herein to
reflect future events or developments or changed circumstances or for any other
reason.
CONTACT: Steven N. Barlow
Vice President - Investor Relations
678-281-2043
steve.barlow@ebix.com
or
Aaron Tikkoo
678-281-2027
atikkoo@ebix.com
News Source: NASDAQ OMX
13.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Ebix, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US2787152063
WKN:
End of Announcement DGAP News-Service
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Ebix, Inc.
13.03.2012 12:30
---------------------------------------------------------------------------
ATLANTA, 2012-03-13 12:30 CET (GLOBE NEWSWIRE) --
Ebix, Inc. (Nasdaq:EBIX), a leading international supplier of On-Demand
software and E-commerce services to the insurance industry, today announced
that its Board of Directors has increased the quarterly dividend by 25% to
$0.05. The next dividend is payable at the end of May. The record date and
payment date will be announced shortly.
Ebix Chairman and CEO Robin Raina said, 'The increase in the dividend just six
months after the Board of Directors authorized our first dividend, reflects the
strength of our business as seen in the record Full Year 2011 Net Income and
EPS announced earlier today. The Board remains confident in the sustainability
of the Company's Free Cash Flow to be used to grow Ebix through reinvestment in
the core business as well as return capital to shareholders through stock
repurchases and dividends.'
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services
to the insurance, financial and health industries, Ebix, Inc., (Nasdaq:EBIX)
provides end-to-end solutions ranging from infrastructure exchanges, carrier
systems, agency systems and BPO services to custom software development for all
entities involved in the insurance industry.
With 30+ offices across Brazil, Singapore, Australia, the US, New Zealand,
India and Canada, Ebix powers multiple exchanges across the world in the field
of life, annuity, health and property & casualty insurance while conducting in
excess of $100 billion in insurance premiums on its platforms. Through its
various SaaS-based software platforms, Ebix employs hundreds of insurance and
technology professionals to provide products, support and consultancy to
thousands of customers on six continents. Ebix's focus on quality has enabled
it to be awarded Level 5 status of the Carnegie Mellon Software Engineering
Institute's Capability Maturity Model (CMM). With a recent ISO 27001-security
certification, the Company also has a ISO 9001:2000 certification for both its
development and BPO units in India. For more information, visit the Company's
website at www.ebix.com
Safe Harbor for Forward Looking Statements under the Private Securities
Litigation Reform Act of 1995 -- This press release contains various forward
looking statements and information that are based on management's beliefs, as
well as assumptions made by, and information currently available to management,
including statements regarding future economic performance and financial
condition, liquidity and capital resources, acceptance of the Company's
products by the market and management's plans and objectives. The Company has
tried to identify such forward looking statements by use of words such as
'expects,' 'intends,' 'anticipates,' 'plans,' 'believes,' 'will,' 'should,' and
similar expressions, but these words are not the exclusive means of identifying
such statements. Such statements are subject to various risks, uncertainties
and other factors which could cause actual results to vary materially from
those expressed in, or implied by, the forward looking statements. Such risks,
uncertainties and other factors include the extent to which the Company's new
products and services can be successfully developed and marketed, the
integration and other risks associated with recent and future acquisitions, the
willingness of independent insurance agencies to outsource their computer and
other processing needs to third parties, the Company's ability to continue to
develop new products to effectively address market needs in an industry
characterized by rapid technological change, the Company's dependence on the
insurance industry (and in particular independent agents), the highly
competitive and rapidly changing automation systems market, the Company's
ability to effectively protect its applications software and other proprietary
information, the Company's ability to attract and retain quality management,
and software, technical sales and other personnel, the potential negative
impact on the Company's outsourcing business in India from adverse publicity
and possible governmental regulation, the risks of disruption of the Company's
Internet connections or internal service problems, the possibly adverse effects
of a substantial increase in volume of traffic on the Company's website,
mainframe and other servers, possible security breaches on the Company's
website and the possible effects of insurance regulation on the Company's
business. Certain of these, as well as other, risks, uncertainties and other
factors, are described in more detail in Ebix's periodic filings with the
Securities and Exchange Commission, including the company's annual report on
form 10-K for the year ended December 31, 2010, included under 'Item 1A.
Business--Risk Factors.' Except as expressly required by the federal securities
laws, the Company undertakes no obligation to update any such factors or to
publicly update any of the forward looking statements contained herein to
reflect future events or developments or changed circumstances or for any other
reason.
CONTACT: Steven N. Barlow
Vice President - Investor Relations
678-281-2043
steve.barlow@ebix.com
or
Aaron Tikkoo
678-281-2027
atikkoo@ebix.com
News Source: NASDAQ OMX
13.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Ebix, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US2787152063
WKN:
End of Announcement DGAP News-Service
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