Apollo Group Q1 profit jumps 24%

January 12, 2009

Last Thursday, Apollo Group Inc, the parent company of the University of Phoenix and Fredericton-based Meritus University, announced that its first-quarter revenue for the 2009 fiscal year increased 24% from the first quarter the year before, jumping from $781 million to $971 million. The company reports that total degreed enrolment in the first quarter grew over 18% to 384,900. Selling and promotional expenses increased over 29% to total $229 million. Apollo Group News Release | RTT News