Ebix's operating income rose 13 percent to $1.1 million in the 2005 third quarter, compared to operating income of $1.0 million in the third quarter of 2004. The Company also reported a 25 percent increase and record quarterly net income of $1.2 million, or $0.40 per diluted share, in the third quarter of 2005, versus net income of $0.98 million, or $0.31 per diluted share, in the third quarter of 2004. Q3 '05 results were based on 3.1 million weighted average diluted shares outstanding during the period, approximately 0.1 million fewer than the comparable three-month period in 2004. The modest decrease in the weighted average reflects an initial benefit from the Company's repurchase of 200,000 shares, at $13.50 per share, in late April 2005.

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