Apollo Group Reports 5.4% YoY Boost to Fiscal '11 Q1 Consolidated Net Revenue

Apollo Group, Inc. (NASDAQ:APOL) released its fiscal 2011 Q1 financial results following the closing bell Monday afternoon, reporting consolidated net revenue of $1,326.4 million, a 5.4% boost from the year-ago period. The company's income from continuing operations for the three-month-period that ended November 30, 2010 was $236.0 million, or $0.61 per share.

Apollo Group co-CEO and Apollo Global chairman Greg Cappelli commented: "During the first quarter of fiscal 2011, we began the important process of implementing several of the key strategic initiatives that we've been developing in recent quarters and that are designed to enhance the student experience, expand student protections and ensure that we enroll students who we believe have a greater likelihood to succeed in our programs. While we do not yet have enough data from these new initiatives to draw firm conclusions, we are pleased with the early results."

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