Full disclosure- we used to own EBIX but sold out a few months ago. The yr/yr decline in revenue seems like an area of concern. According to the narrative (recurring revenue, new client wins, and retaining existing clients) we should not see revenue decline yr/yr in all three major segments. Thoughts?
Not bashing the stock, trying to hear the bull and bear spin on declining revenue for what should be a growing business.
Currency exchange fluctuations abroad contributed to the decrease. As stated in the report if you take it out, revenue is a tad higher. Growth was basically stagnant this quarter. This quarter would be the one to load the boat in in my opinion.