Apollo Group, Inc. F3Q06 (Qtr Ending May 31, 2006) Earnings Conference Call Transcript (APOL)

  • download
  • Print
  • Recommend
  • 0

2006-06-20 13:10:53.0

Tags: Apollo Group

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from the line of Greg Cappelli with Credit Suisse.

Greg Cappelli – Credit Suisse

Good morning Brian, Kenda.

Brian Mueller

Good morning.

Kenda B. Gonzales

Good morning.

Greg Cappelli – Credit Suisse

Brian, just following up on your comments on the start that you talked about in the quarter and June, I guess you didn’t give out an exact number but is it fair to say that the start growth was at least above last quarter? What we thought was sort of a low, single-digit growth rate?

Brian Mueller

It was above last quarter, that’s correct. The majority of the leads that we got that represent the big improvements came in April and May. It was above last quarter although last quarter, in May, the ground campuses ran a promotion where they allowed students to take two courses at a time and so the significant increase that we were expecting was a little bit offset by that. But I want to say that June does look very strong and upper teen’s new enrollment growth from June perspective is very likely.

Greg Cappelli – Credit Suisse

Okay. Great. Okay, so there was a promotion in May, I’m assuming under –

Brian Mueller

Last year.

Kenda B. Gonzales

May of last year.

Greg Cappelli – Credit Suisse

May of last year. Okay. And was that promotion run by the, I guess the person who was running on ground or online at that point in time?

Brian Mueller

It was a ground campus initiative and it was designed around encouraging students to double up or take two courses at a time which, I mean, for some students that might be good, for others it might not be. But the point is that as students, that kind of inflated the number to some extent which –

Greg Cappelli – Credit Suisse

Which may have, which I guess could have fallen off then in June? I guess if you look at the quarters would explain that event?

Brian Mueller

It could have fallen off a little bit in June, that’s correct.

Greg Cappelli – Credit Suisse

Is that something that you guys intend to do going forward in terms of offering these kinds of promotions?

Brian Mueller

In down times we’ll encourage students to start by maybe waiving their application fee or giving their resource fee to them, but we wont’ do things like encourage them to double up. We don’t think from an academic standpoint that’s probably the right way to start students off so we probably won’t do those kinds of things in the future, no.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here