Reports Q4 revenue $255.2M vs $266.8M last year. Robin Raina, President & CEO, Ebix Inc. said, "On a constant currency basis, our Q4 2022 revenues grew by 5% year-over-year to $279 million, whereas our 2022 fiscal revenues grew 11% to $1.108 Billion as compared to a year ago. The main contributors to this double digit growth for the full year were the Company’s EbixCash travel and foreign exchange/outward remittance revenues that grew a combined 118% YoY, EbixCash BPO/IT Services YoY revenue growth of 47%, e-learning revenue YoY growth of 160%, Financial technologies revenue YOY revenue growth of 5%, Latin American revenue YoY growth of 42%, and US Annuitynet revenue growth of 20% YoY, Our EbixCash exchange revenues, excluding our prepaid gift card business, generated 58% YoY growth in 2022."
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Read More on EBIX:
- Ebix Reports Record Revenues of $1.1 Billion, 2022 Operating Income of $120.3 Million with 1% YoY Growth, Operating Cash Flow of $32.5 Million in Q4 2022 and $77.6 Million for Fiscal Year 2022, with 12% YOY Growth
- Ebix Hosts Q4 Investor Call Wednesday, March 15, 2023 at 11:00 a.m. ET
- Ebix price target lowered to $40 from $150 at Craig-Hallum
- Ebix signs debt extension amendment with existing lenders
- Ebix Signs Debt Extension Amendment with Existing Lenders
