Ebix Up 8% After Beating Earnings Estimates

Shares of Ebix EBIX are up 8% after the company beat earnings estimates this morning. "These results mark 12 years of continued sequential growth for Ebix in the areas of revenue, net income and diluted EPS," said Robin Raina, Chairman, President and CEO, Ebix, Inc. "We are pleased that these results are in line with our goals for 2011." Ebix delivered the following results for the fourth quarter and full year of 2011: Revenues: Total Q4 2011 revenue was $44.1 million, an increase of 26% on a year-over-year basis, as compared to Q4 2010 revenue of $35.1 million. For the full fiscal year of 2011, the company reported revenue of $169.0 million, an increase of 28% from the prior year revenues of $132.2 million. Earnings per Share: Q4 2011 GAAP diluted earnings per share rose 6% year-over-year to $0.44, as compared to $0.42 in the fourth quarter of 2010. For purposes of the Q4 2011 EPS calculation, there was an average of 39.4 million diluted shares outstanding during the quarter, as compared to 38.4 million diluted shares outstanding in Q4 of 2010. For the full year of 2011, GAAP diluted earnings per share rose 15% year-over-year to $1.75 from $1.51 in 2010. For purposes of the EPS calculation, there was an average of approximately 40.9 million diluted shares outstanding during the year 2011 as compared to an average of 39.0 million diluted shares outstanding in 2010.