DeVry Inc. Announces Second-Quarter 2011 Results.

Business Wire › January 25, 2011

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DeVry Inc. Announces Second-Quarter 2011 Results.

DOWNERS GROVE, Ill. -- DeVry Inc. (NYSE:DV), a global provider of educational services, today reported results for its fiscal 2011 second-quarter ended Dec. 31, 2010. DeVry's continued execution of its diversification strategy and focus on academic quality produced the following financial results:

Three Months Ended Dec. 31, 2010:

* Revenues increased 17 percent to $551 million

* Net income increased 22 percent to $89 million

* Diluted earnings per share increased 25 percent to $1.25

Six Months Ended Dec. 31, 2010:

* Revenues rose 19 percent to $1,073 million

* Net income increased 28 percent to $162 million

* Diluted earnings per share increased 30 percent to $2.28

"During the first half of this fiscal year, we benefitted from our position as a diversified provider of quality education," said Daniel Hamburger, DeVry's president and chief executive officer. "We continue to invest in new programs that lead to strong career outcomes and innovative student services, especially to ser...

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