Ebix reports Q1 adjusted EPS 76c, consensus 55c.

Reports Q1 revenue $286.3M, consensus $278.72M. Robin Raina, President & CEO, Ebix, Inc. said. "I am pleased with these results on many fronts. On a constant currency basis, our GAAP revenues grew year-over-year by 1% in spite of a 7% decline in prepaid gift card revenues in Q1 2022 as compared to Q1 2021. Our Q1 2022 revenues grew 7% sequentially by $19.5 million as compared to Q4 2021. Our worldwide revenues, excluding prepaid gift card revenues, increased 11.5% year-over-year in the first quarter of 2022. Our most negatively impacted businesses from COVID-19 within EbixCash Limited experienced solid year-over-year growth in the first quarter of 2022. In total, our travel, foreign exchange, remittance, e-learning and financial technologies businesses combined grew revenues by 28% year-over-year during the first quarter of 2022. Year-over-year growth in travel and foreign exchange revenues was 85% and 109%, respectively. Our e-learning business also benefitted from the reopening of schools in India and contributed a 138% growth rate year-over-year during the first quarter of 2022. Our Risk Compliance Solutions revenues grew 8% year-over-year due mainly to the 68% growth in our BPO business in India."