Insurance technology specialist Ebix has recorded third-quarter net income of $US20.2 million ($28.66 million), up 12% on the corresponding period last year.

Revenue was up 32% to $US66.8 million ($94.78 million).

Chairman, President and CEO Robin Raina says next year is expected to be a record-breaker.

“We are extremely pleased with the results,” he said. “We have many large contracts in implementation now, which are expected to have the effect of not only increasing our margins but also resulting in continued sequential growth of our top line.

“With continued momentum on our side, the deals in hand and a strong pipeline of large contracts at various stages of negotiation, we expect [next year] to be the best year in history for Ebix.

“We are also exploring a number of acquisitions that are all expected to be accretive from the outset.”