Atlanta-based Ebix, Inc., which sells software and e-commerce services to the insurance industry, today reported record financial results for the third quarter of 2010.
Total third quarter revenue grew to a record $33.3 million, an increase of 43 percent on a year-over-year basis, as compared to 2009 third quarter revenue of $23.3 million. During the nine months ended Sept. 30, 2010 revenue increased $30.7 million or 46 percent, to $97.1 million compared to $66.4 million during the same period in 2009.
The Ebix Exchange channel grew 66 percent year over year to $23.5 million or 71 percent of the quarter’s revenues.
Third quarter 2010 net income was $16.7 million, an increase of 77 percent.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously? 
Florida Men Charged With Creating Sham Insurance Now Face Federal Indictment 
More Florida Insurers Announce Rate Cuts for Auto, Homeowners, Condo Units 
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says 
