Apollo Group profits up 45% in 3rd quarter - Dawn Gilbertson, The Arizona Republic

Students continued to flock to the University of Phoenix in the spring, sending its parent company's revenue and profits soaring again. Phoenix-based Apollo Group Inc. on Monday said net income jumped 45 percent, to $201.1 million, on a 26 percent increase in revenue for its fiscal third quarter that ended May 31. The company surpassed $1 billion in quarterly revenue for the first time, coming in at $1.05 billion.