Ebix Posts Higher Year-End Profit
NU Online News Service, March 31, 2:45 p.m. EST? Ebix Inc., an international supplier of software and e-commerce solutions to the insurance industry, reported a threefold increase in its full-year net profit, posting $1.669 million income for 2003, compared with $502,000 during the previous year.[@@]
Ebix said its 2003 income was the largest in its 28-year history. The company attributed its net-income growth largely to its focus on the higher-margin development services area of its business.
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