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Ebix, Inc. (NASDAQ: EBIX) is a leading global supplier of on-demand software and e-commerce services primarily tailored for the insurance, financial services, travel, healthcare, and e-learning industries. With headquarters in Atlanta, Georgia, and a network of offices across the United States and seven other countries, Ebix powers businesses in over 50 countries across six continents.
The company specializes in developing comprehensive application software products, ranging from carrier systems and agency systems to custom software solutions for various stakeholders in the insurance and financial sectors. Ebix serves a vast customer base that includes more than 100 insurance companies, TPA's, banks, financial advisors, and over 300,000 brokers/agents, along with more than 1,000 corporate clients.
Recently, Ebix announced a significant
Ebix, Inc. (NASDAQ: EBIX) announced it will report Q1 2021 results on May 17, 2021, followed by an investor conference call at 11:00 a.m. ET, which is open to the public. The conference call can be accessed via dial-in numbers and a live audio webcast. The company provides On-Demand software and E-commerce services across sectors, including insurance and healthcare. EbixCash, its financial exchange platform, leads in money remittance and forex operations in India, with significant transaction values reported.
Ebix, Inc. (NASDAQ: EBIX) has appointed Priyanka Kaul as an independent director on its Board. With over 22 years of leadership experience in media and marketing, she previously served as CEO of Forbes India and holds a degree in Economics from the University of Mumbai. Her environmental advocacy and successful campaigns have earned her numerous awards. Chairman Neil Eckert highlighted her insights into the Indian market as vital for Ebix's upcoming IPO in India. This appointment aims to enhance the board's diversity and strategic direction for the company.
Ebix, a global provider of software and e-commerce services, announced its Q4 and full-year 2020 financial results on April 27, 2021. The company reported a 52% year-over-year revenue increase in Q4 2020 to $222.1 million and a full-year revenue rise of 8% to $625.6 million. Cash flows from operations surged to $100.4 million, up from $60.8 million in 2019. However, GAAP operating income dropped 19% in Q4, attributed to a one-time impairment charge of $6.2 million. Full-year GAAP net income decreased 4% to $92.4 million.
Ebix, Inc. (NASDAQ: EBIX), a global leader in On-Demand software and E-commerce services, will report its 2020 fourth quarter and full-year financial results on April 27, 2021. An investor conference call will be held at 11:00 AM ET the same day to discuss performance metrics. The event is open to the public and can be accessed via dial-in or audio webcast. Ebix operates in multiple sectors including insurance, financial services, and healthcare, showcasing its extensive footprint with over 50 offices worldwide.
Ebix (NASDAQ: EBIX) announced it will release its 2020 financial results and file its Form 10-K during the week of April 26, 2021. Prior to this release, the company will provide details for an investor call to discuss the results. Ebix specializes in On-Demand software and E-commerce services across insurance, finance, healthcare, and e-learning sectors, and operates a significant financial exchange portfolio through EbixCash, a leader in money remittance and foreign exchange in India.
Ebix, Inc. (NASDAQ: EBIX), a global supplier of software and e-commerce solutions, has announced that its subsidiary, EbixCash, is pursuing an IPO. This decision follows a recent meeting with investment banks ICICI Securities, Axis Capital, SBI Capital, and Edelweiss Financial Services, who will serve as Lead Managers. The company plans to file a draft red herring prospectus (DRHP) by Q4 2021, aiming for the IPO in Q1 2022. EbixCash leads in India's financial and insurance exchanges and boasts significant transaction volumes in its Forex and remittance operations.
Ebix, Inc. (NASDAQ: EBIX) announced its EbixCash subsidiary has engaged SBI Capital Markets as one of the four lead managers for its upcoming IPO. SBI, the largest bank in India, will join ICICI Securities, Axis Capital, and Edelweiss Financial Services in managing the IPO. The partnership includes equity research coverage of EbixCash post-IPO. EbixCash is recognized for its extensive portfolio in financial services across Southeast Asia, leading in remittance and foreign exchange transactions.
Ebix, Inc. (NASDAQ: EBIX) received a notice from Nasdaq regarding non-compliance with Listing Rule 5220(c)(1), due to the failure to file its Annual Report on Form 10-K for the year ended December 31, 2020. The company has 45 days to present a compliance plan, targeting submission by April 16, 2021. This situation arose after the resignation of its former auditor on February 15, 2021. Ebix has engaged KG Somani & Co. to audit its financial statements, aiming to complete and file the Annual Report by April 20, 2021. The Nasdaq notification does not currently affect trading of EBIX stock.
Ebix, Inc. (NASDAQ: EBIX) has appointed KG Somani & Co. as its independent auditor for the 2020 financial statements. Targeting to file its financials with the U.S. SEC by April 20, 2021, the decision follows an extensive evaluation process by the Audit Committee. KGS, with significant expertise in the finance and insurance sectors, will also conduct a fresh audit of the EbixCash payment solutions business. Furthermore, Ebix is exploring the engagement of a top-tier international audit firm for 2021 and plans to retain KPMG and Ernst & Young for various financial services.
Labaton Sucharow, a prominent shareholder rights firm, is investigating potential securities violations and fiduciary duty claims against EBIX (NASDAQ: EBIX). This inquiry targets the software company and aims to protect shareholders' investments. If you hold shares in EBIX and seek further information on this matter, you can contact David J. Schwartz at the provided telephone number or via email for complimentary assistance.
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