Ebix Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating revenue of $52,566,000 compared to $43,827,000 a year ago. Operating income was $19,305,000 compared to $18,329,000 a year ago. Income before income taxes was $18,948,000 compared to $17,947,000 a year ago. Net income was $17,344,000 or $0.45 per diluted share compared to $15,685,000 or $0.40 per diluted share a year ago. Net cash provided by operating activities was $14,265,000 compared to $13,735,000 a year ago. Capital expenditures were $345,000 compared to $673,000 a year ago. The company expects the diluted share count for second quarter of 2013 to be approximately $38.8 million.

The Shareholders Foundation Inc. announced that an investor who holds Ebix Inc. shares filed a lawsuit to stop the proposed takeover of Ebix Inc. by an affiliate of Goldman, Sachs & Co. for $20.00 per EBIX share. Investors who purchased shares of Ebix Inc. prior to May 1, 2013 and currently hold any of those EBIX shares, have certain options. On May 1, 2013, Ebix Inc. announced that it has entered into a merger agreement to be acquired by an affiliate of Goldman, Sachs & Co. Under the terms of the agreement, Ebix shareholders will receive $20.00 per share in cash. However, the plaintiff alleged that the defendants breached their fiduciary duties owed to EBIX stockholders by agreeing to sell the company too cheaply via an unfair process to Goldman Sachs. In addition, the plaintiff claims the defendants agreed to preclusive deal protection devices such as a $27 million termination fee provision. Those who currently are investors in Ebix Inc. shares and purchased a substantial amount of EBIX shares before the announcement have certain options.

Ebix Inc. reported unaudited consolidated earnings results for the second quarter and full year ended December 31, 2012. For the quarter, the company reported operating revenue of $54,023,000 compared to $44,050,000 a year ago. Operating income was $20,260,000 compared to $16,555,000 a year ago. Income before income taxes was $19,486,000 compared to $19,615,000 a year ago. Net income was $18,745,000 or $0.48 per diluted share compared to $17,330,000 or $0.44 per diluted share a year ago. Cash generated from operations for the fiscal fourth quarter was $18.3 million, down 5% year-over-year due primarily to the payment of certain acquisition earn out liabilities. Operating cash flow was $18.3 million, a slight decline from $19.3 million for third quarter and $19.4 million for the fourth quarter 2011, due primarily to the payment of certain acquisition earn out liabilities. For the full year, the company reported operating revenue of $199,370,000 compared to $168,969,000 a year ago. Operating income was $77,008,000 compared to $68,748,000 a year ago. Income before income taxes was $78,029,000 compared to $73,495,000 a year ago. Net income was $70,569,000 or $1.80 per diluted share compared to $71,378,000 or $1.75 per diluted share a year ago. Net cash provided by operating activities was $72,295,000 compared to $70,642,000 a year ago. Capital expenditures were $1,965,000 compared to $2,829,000 a year ago. The company's net debt stood at $44.8 million as of December 31, 2012. The company's revenue, operating cash flow, liquidity and diluted EPS were all at record levels as look forward to continued high levels of performance in 2013.