|        |
|--------|
|        |  |  |  |  |
|   |   |   |   |   |

|        |
|--------|
|        |  |  |
| R      |   | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|   |   | For the quarterly period ended March 31, 2012 |

|   |
|---|
|   |  |  |
| o |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |
|                                             |   |   |
| DELAWARE                                         |   | 77-0021975 |
| (State or other jurisdiction of incorporation or |   | (I.R.S. Employer Identification No.) |
| organization)                                    |   |   |
|                                             |   |   |
| 5 CONCOURSE PARKWAY, SUITE 3200                  |   |   |
| ATLANTA, GEORGIA                                 |   | 30328 |
| (Address of principal executive offices)         |   | (Zip Code) |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |
| Large accelerated filer o |   | Accelerated filer R |   | Non-accelerated filer o (Do not check if a smaller reporting company) |   | Smaller reporting company o |

|        |
|--------|
|        |  |  |  |  |
|   |   |   |   |   |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Part I Item 1 “Financial Statements and Supplementary Information” - Note 3 “Business Combinations” has been revised to include the relevant disclosures and pro forma information concerning our acquisition of ADAM in February 2011.  Also Note 8 “Geographic Information” has been revised to disclose the basis for attributing revenues from external customers to specific individual countries. |

|         |                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Part I Item 2 “Management's Discussion and Analysis” - Information pertaining to the 2011 and 2012 operating revenues from the Company's acquisition of ADAM in February 2011 was added to the analysis of results for the first quarter of 2012 as compared to the first quarter of 2011. |

----

|                                                                                                          |
|----------------------------------------------------------------------------------------------------------|
|                                                                                                          |  |
|                                                                                                     |   |
| PART I — FINANCIAL INFORMATION                                                                     |   |
|                                                                                                     |   |
| Item 1. Consolidated Financial Statements                                                           |   |
|                                                                                                     |   |
| Notes to Condensed Consolidated Financial Statements (unaudited)                                         | 4 |
|                                                                                                     |   |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 6 |
|                                                                                                     |   |
|                                                                                                     |   |
| SIGNATURES                                                                                               | 14 |
|                                                                                                     |   |
| EXHIBIT INDEX                                                                                            |   |
|                                                                                                     |   |
|  Exhibit 31.1                                                                                       |   |
|  Exhibit 31.2                                                                                       |   |
|  Exhibit 32.1                                                                                       |   |
|  Exhibit 32.2                                                                                       |   |

----

----

|             |
|-------------|
|             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|        | Three Months Ending    March 31, 2012 |  Three Months Ending           March 31, 2011 |
|        | As Reported | Pro Forma | As Reported | Pro Forma |
|        | (unaudited) | (unaudited) |
|        | (In thousands) |
| Revenue     | $ | 43,827 |  |   | $ | 43,827 |  |   | $ | 40,050 |  |   | $ | 42,625 |  |   |
| Net Income  | $ | 15,685 |  |   | $ | 15,685 |  |   | $ | 15,164 |  |   | $ | 16,366 |  |   |
| Basic EPS   | $ | 0.43 |  |   | $ | 0.43 |  |   | $ | 0.40 |  |   | $ | 0.41 |  |   |
| Diluted EPS | $ | 0.40 |  |   | $ | 0.40 |  |   | $ | 0.37 |  |   | $ | 0.38 |  |   |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   | United States |   | Canada |   | Latin America |   | Australia |   | Singapore |   | New Zealand |   | India |   | Total |
| External Revenues |   | $ | 30,490 |  |   | $ | 382 |  |   | $ | 2,422 |  |   | $ | 9,167 |  |   | $ | 795 |  |   | $ | 571 |  |   | $ | — |  |   | $ | 43,827 |  |
| Long-lived assets |   | $ | 261,713 |  |   | $ | — |  |   | $ | 14,452 |  |   | $ | 1,441 |  |   | $ | 65,749 |  |   | $ | 260 |  |   | $ | 11,064 |  |   | $ | 354,679 |  |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   | United States |   | Canada |   | Latin America |   | Australia |   | Singapore |   | New Zealand |   | India |   | Total |
| External Revenues |   | $ | 27,898 |  |   | $ | 182 |  |   | $ | 2,563 |  |   | $ | 8,322 |  |   | $ | 724 |  |   | $ | 361 |  |   | $ | — |  |   | $ | 40,050 |  |
| Long-lived assets |   | $ | 237,464 |  |   | $ | — |  |   | $ | 18,180 |  |   | $ | 1,506 |  |   | $ | 70,922 |  |   | $ | 36 |  |   | $ | 3,674 |  |   | $ | 331,782 |  |

----

Table of Contents

|         |                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Regarding Note 4 of the Notes to the Condensed Consolidated Financial Statements, and our future liquidity needs discussed under “Liquidity and Financial Condition,” as pertaining to our ability to generate cash from operating activities and any declines in our credit ratings or financial condition which could restrict our access to the capital markets or materially increase our financing costs; |

|         |                                                                                                                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | With respect to Note 5 of the Notes to the Condensed Consolidated Financial Statements, “Commitments and Contingencies”, and “Contractual Obligations and Commercial Commitments” in MD&A, as regarding changes in the market value of our assets or the ultimate actual cost of our commitments and contingencies; |

|         |                                                                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | With respect Note 3 of the Condensed Notes to the Condensed Consolidated Financial Statements as pertaining to the business acquisitions we have made and our ability to efficiently and effectively integrate acquired business operations, and our ability to accurately estimate the fair value of tangible and intangible assets; and, |

|         |                                                                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | With respect this Management Discussion & Analysis of Financial Condition and Results of Operation and the analysis of the three revenue trends including the actual realized level of demand for our products during the immediately foreseeable future. |

----

Table of Contents

----

Table of Contents

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |
|                                             |   | Three Months Ended |
|                                             |   | March 31, |
| (dollar amounts in thousands)                    |   | 2012 |   | 2011 |
| Exchanges                                        |   | $ | 34,646 |  |   | $ | 31,065 |  |
| Broker Systems                                   |   | 4,754 |  |   | 3,842 |  |
| Business Process Outsourcing (“BPO”) |   | 3,571 |  |   | 3,619 |  |
| Carrier Systems                                  |   | 856 |  |   | 1,524 |  |
| Totals                                           |   | $ | 43,827 |  |   | $ | 40,050 |  |

----

Table of Contents

----

Table of Contents

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                    |   | United States |   | Canada |   | Latin America |   | Australia |   | Singapore |   | New Zealand |   | India |   | Sweden |   | Total |
| Cash and ST investments |   | $ | 7,489 |  |   | $ | 979 |  |   | $ | 1,508 |  |   | $ | 3,123 |  |   | $ | 871 |  |   | $ | 467 |  |   | $ | 15,875 |  |   | $ | 16 |  |   | $ | 30,328 |  |

----

Table of Contents

----

Table of Contents

|                          |
|--------------------------|
|                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                     | Payment Due by Period |
|                     | Total |   | Less Than1 Year |   | 1-3 Years |   | 3-5 Years |   | More than5 years |
|                     |   |   |   |   | (in thousands) |   |   |   |   |
| Revolving line of credit | $ | 31,750 |  |   | $ | — |  |   | $ | 31,750 |  |   | $ | — |  |   | $ | — |  |
| Long-term debt           | $ | 18,000 |  |   | $ | 8,934 |  |   | $ | 9,066 |  |   | $ | — |  |   | $ | — |  |
| Operating leases         | $ | 15,910 |  |   | $ | 4,256 |  |   | $ | 5,868 |  |   | $ | 2,867 |  |   | $ | 2,919 |  |
| Capital leases           | $ | 825 |  |   | $ | 363 |  |   | $ | 462 |  |   | $ | — |  |   | $ | — |  |
| Total                    | $ | 66,485 |  |   | $ | 13,553 |  |   | $ | 47,146 |  |   | $ | 2,867 |  |   | $ | 2,919 |  |

----

Table of Contents

----

Table of Contents

----

|        |
|--------|
|        |  |  |  |  |  |
|   |   |   |   |   |   |
|   |   | Ebix, Inc.  |   |
| Date:  | July 6, 2012 | By:   | /s/ Robin Raina   |   |
|   |   |   | Robin Raina  |   |
|   |   |   | Chief Executive Officer(Principal Executive Officer)  |   |
|   |   |   |   |
| Date:  | July 6, 2012 | By:   | /s/ Robert F. Kerris   |   |
|   |   |   | Robert F. Kerris  |   |
|   |   |   | Chief Financial Officer(Principal Financial and Accounting Officer)  |   |

----

|          |
|----------|
|          |  |  |
| Exhibits |   |
| 2.1      | Stock Purchase Agreement dated February 23, 2004 by and among the Company and the shareholders of LifeLink Corporation (incorporated herein by reference to Exhibit 2.1 to the Company’s Current Report of Form 8-K dated February 23, 2004 (the “February 2004 8-K”)) and incorporated herein by reference. |
| 2.2      | Secured Promissory Note, dated February 23, 2004, issued by the Company (incorporated herein by reference to Exhibit 2.2 of the February 2004 8-K) and incorporated herein by reference. |
| 2.3      | Purchase Agreement, dated June 28, 2004, by and between Heart Consulting Pty Ltd. And Ebix Australia Pty Ltd. (incorporated by reference to Exhibit 2.1 to the Company’s Current Report of Form 8-K dated July 14, 2004 (the “July 14, 2004 8-K”)) and incorporated herein by reference. |
| 2.4      | Agreement, dated July 1, 2004, by and between Heart Consulting Pty Ltd. and Ebix, Inc. (incorporated by reference to Exhibit 2.2 to the Company’s Current Report of Form 8-K dated July 14, 2004 (the “July 14, 2004 8-K”)) and incorporated herein by reference. |
| 2.5      | Agreement Plan of Merger by and among Ebix, Finetre and Steven F. Piaker, as shareholders’ Representative dated September 22, 2006 (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on 8-K/A dated October 2, 2006) and incorporated herein by reference. |
| 2.6      | Asset Purchase Agreement dated May 9, 2006, by and among Ebix, Inc., Infinity Systems Consulting, Inc. and the Shareholders of Infinity Systems Consulting, Inc. (incorporated here by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K/A dated May 9, 2006) and incorporated herein by reference. |
| 2.7      | Agreement and Plan of Merger dated October 31, 2007 by and among Ebix, Inc., Jenquest, Inc. IDS Acquisition Sub. and Robert M. Ward as Shareholder Representative (incorporated here by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K/A dated November 7, 2007) and incorporated herein by reference. |
| 2.8      | Stock Purchase Agreement by and among Ebix, Inc., Acclamation Systems, Inc., and Joseph Ott (incorporated here by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated August 5, 2008) and incorporated herein by reference. |
| 2.9      | Stock Purchase Agreement by and amongst Ebix, Inc., ConfirmNet Corporation, Ebix Software India Private Limited, ConfirmNet Acquisition Sub, Inc., and Craig Irving, as Shareholders’ Representative (incorporated here by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated November 12, 2008) and incorporated herein by reference. |
| 2.10     | Agreement and Plan of Merger, dated September 30, 2009, by and amongst Ebix, E-Z Data, and Dale Okuno and Dilip Sontakey, as Sellers (incorporated here by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated October 6, 2009) and incorporated herein by reference. |
| 2.11     | IP Asset Purchase Agreement, dated September 30, 2009, by and amongst Ebix Singapore PTE LTD., Ebix, Inc., E-Z Data, and Dale Okuno and Dilip Sontakey, as Shareholders dated September 30, 2009 (incorporated here by reference to Exhibit 2.2 to the Company’s Current Report on Form 8-K dated October 6, 2009) and incorporated herein by reference. |
| 2.12     | Agreement and Plan of Merger, dated August 29, 2010, by and among Ebix Inc., A.D.A.M., Inc., and Eden Acquisition Sub, Inc. (incorporated here by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated August 31, 2010) and incorporated herein by reference. |
| 3.1      | Certificate of Incorporation, as amended, of Ebix, Inc. (filed as Exhibit 3.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009) and incorporated herein by reference. |
| 3.2      | Bylaws of the Company (filed as Exhibit 3.2 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2000) and incorporated herein by reference. |
| 31.1*    | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002). |
| 31.2*    | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002). |
| 32.1*    | Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 32.2*    | Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 101**    | XBRL (Extensible Business Reporting Language) - The following materials from Ebix, Inc.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statement of Stockholders' Equity and Comprehensive Income, (iv) the Consolidated Statements of Cash Flows, and (v) Notes to Consolidated Financial Statements which were tagged as blocks of text. |

----

|                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                            |  |  |
| **Exhibit 101 to this Quarterly Report on Form 10-Q is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the securities Exchange Act of 1934. |