Global insurance industry software provider Ebix has reported second-quarter net income of $US19 million ($25.6 million), up 40% on the corresponding period last year.

Total revenue for the quarter was up 26% to $US64.7 million ($87.2 million), despite the negative impact of the strong US dollar.

For the six months to June 30, net income grew 29% to $US37.4 million ($50.4 million).

Chairman, President and CEO Robin Raina says the company has momentum.

“With many prestigious signed contracts in implementation, a number of key new contracts signed in [the second quarter] and a few material commitments in the contract stages, we are hopeful we can show a meaningful improvement in our top line [this year] and beyond.

“We are also pursuing a number of key acquisition opportunities that are expected to be quite accretive for our shareholders.”