Topic: How To Invest

Hi: Any opinion on a tech stock symbol EBIX on Nasdaq? Thanks.

Article Excerpt

Ebix Inc., $60.78, symbol EBIX on Nasdaq (Shares outstanding: 10.6 million; Market cap: $646.9 million), sells software and e-commerce services to the insurance industry. These products help Ebix’s clients automate several routine functions, such as preparing quotes and settling claims. Based in Atlanta, Ebix sells its products in over 50 countries. International markets account for 40% of its revenue. The company has rapidly grown through acquisitions over the past few years. Since the beginning of 2008, it has spent a total of $87.7 million buying smaller software firms. Thanks to these new businesses, Ebix’s revenue rose 25.9% in the three months ended June 30, 2009, to $22.4 million from $17.8 million a year earlier. Earnings jumped 41.4%, to $9 million from $6.3 million. Earnings per share climbed 35.2%, to $0.73 from $0.54, on more shares outstanding. The company spent $2.8 million, or 12.3% of its revenue, on research in the latest quarter. Earlier this month, Ebix completed its biggest acquisition to date:…