Earnings Call Excerpt
Apollo Group, Inc. (APOL)
F3Q08 Earnings Call
July 1, 2008 5:00 pm ET
Executives
Dr. John Sperling – Acting Executive Chairman of the Board
Joe D’Amico – Executive Vice President, Chief Financial Officer
Greg Cappelli – Executive Vice President, Global Strategy and Assistant to Chairman
Brian Swartz – Chief Accounting Officer
Allyson Pooly – Vice President, Investor Relations
Analysts
Kelly Flynn – Credit Suisse
Mark Marostica - Piper Jaffray
Gordon [Bossick] – Robert Baird
Sarah Gubins - Merrill Lynch
Kevin Doherty - Banc of America Securities
Jeff Silber - BMO Capital Markets
Susan Stein - Morgan Stanley
Jerry Herman - Stifel Nicolaus & Company
Gary Bisbee - Lehman Brothers
Trace Urdan – Signal Health
Analyst for Corey Greendale - First Analysis Corp.
Brandon Dobell - William Blair & Company
Scott Schneeberger - CIBC World Markets
Presentation
Operator
Welcome to Apollo Group, Inc.’s third quarter fiscal 2008 earnings conference call. (Operator Instructions) I would now like to turn the call over to Allyson Pooly, Vice President Investor Relations of Apollo Group.
Allyson Pooly
Speaking on today’s call are Dr. John Sperling, Acting Executive Chairman; Joe D’Amico, President, CFO and Treasurer and Greg Cappelli, Executive Vice President Global Strategy and Assistant to the Chairman. Additionally, Brian Swartz, our Chief Accounting Officer will be available during the question-and-answer period.
During the question-and-answer period we ask that you be respectful to everyone’s time and limit your questions.
I’d also like to remind you this conference call may contain forward-looking statements with respect to the future performance of Apollo Group that involve risks and uncertainties. Various factors could cause the actual results of the company to be materially different from any future results expressed or implied by such forward-looking statements. These factors are discussed in the company’s 10K report and subsequent 10Q report filed with the Securities and Exchange Commission. The company does not undertake any obligation to update anyone with regard to the forward-looking statements made during this conference call.
With that I’ll turn the call over to John.
John Sperling
I am pleased to report that Apollo had solid growth in both revenue and enrollment during the third quarter and continues to make significant operational progress, all of which we will discuss in more detail.
Before we discuss the quarter I’d like to address some management changes announced last week. Brian Mueller resigned as President and Director of Apollo Group. We want to thank Brian for his many years of service to Apollo and for the role he has played in our success. We certainly wish him well in his new endeavors.
- To read the full transcript on Seeking Alpha, click here »
