Exhibit 99.1
DeVry Inc. Announces 2007 Fall Enrollment at DeVry University
Positive Trends in New and Total Undergraduate Enrollment Continue
OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--Dec. 6, 2007--DeVry Inc.
(NYSE: DV), a global provider of educational services, reported today
its fall 2007 enrollment at DeVry University.
New undergraduate student enrollment for fall 2007 increased 10.7
percent to 13,204 students compared with 11,930 in the previous year.
Total undergraduate student enrollment increased 10.3 percent to
44,594 students compared to 40,434 in fall 2006. This was DeVry
University's ninth consecutive period of positive undergraduate new
student growth and the sixth consecutive period of positive total
student enrollment growth.
At DeVry University's Keller Graduate School of Management (KGSM),
the number of coursetakers for the 2007 November session increased
12.5 percent to 15,657 compared with 13,920 a year ago.
The total number of online undergraduate and graduate coursetakers
in the November 2007 session increased 28.0 percent to 41,128 compared
with 32,123 in the same term a year ago.
"Initiatives to increase enrollments produced very favorable
undergraduate student results in the fall at DeVry University and
robust growth at Keller Graduate School of Management in the November
session. These results were driven by improvements made to our
recruiting processes, strong demand for online programs, and a
heightened focus on the retention of existing students," said Daniel
Hamburger, president and chief executive officer of DeVry Inc. "We're
making progress in attracting recent high school graduates and we
believe much of the opportunity still lies ahead. We also remain
focused on better utilization of our real estate assets."
Financial results for the company's fiscal 2008 second quarter
will be announced after-market on January 24, 2008, with a conference
call to follow at 3:30 p.m. Central time.
Fall 2007 Enrollment Results
DeVry University Fall 2007 Fall 2006 % Increase
--------------------------------------
New undergraduate students
(onsite/online) 13,204 11,930 10.7
Total undergraduate students
(onsite/online) 44,594 40,434 10.3
November 2007 November 2006 % Increase
--------------------------------------
Graduate coursetakers(a)
(onsite/online) 15,657 13,920 12.5
Online coursetakers(a)
(undergraduate/graduate) 41,128 32,123 28.0
(a)The term "coursetaker" refers to the number of courses taken by
a student. Thus one student taking two courses is counted as two
coursetakers.
Supplemental Company Data:
Chart 1 - Historical DeVry University Undergraduate Enrollments
available at http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5562678
About DeVry Inc.
DeVry Inc. (NYSE: DV) is the parent organization of DeVry
University, Advanced Academics, Ross University, Chamberlain College
of Nursing and Becker Professional Review. DeVry University, which
includes Keller Graduate School of Management, offers associate,
bachelor's and master's degree programs in technology, healthcare
technology, business and management. Advanced Academics provides
online secondary education to school districts throughout the U.S.
Ross University offers doctoral degree programs through its schools of
Medicine and Veterinary Medicine. Chamberlain College of Nursing
offers associate and bachelor's degree programs in nursing. Becker
Professional Review, which includes Becker CPA Review and Stalla
Review for the CFA Exams, provides professional education and exam
review for accounting and finance professionals. For more information,
visit http://www.devryinc.com.
Certain statements contained in this release concerning DeVry's
future performance, including those statements concerning DeVry's
expectations or plans, may constitute forward-looking statements
subject to the Safe Harbor Provision of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as DeVry Inc. or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar import.
Actual results may differ materially from those projected or implied
by these forward-looking statements. Potential risks, uncertainties
and other factors that could cause results to differ are described
more fully in Item 1A, "Risk Factors," in the Company's most recent
Annual Report on Form 10-K for the year ending June 30, 2007 and filed
with the Securities and Exchange Commission on August 24, 2007.
CONTACT: DeVry Inc.
Investor Contact:
Joan Bates
jbates@devry.com
630-574-1949
or
Dresner Corporate Services
Media Contact:
David Gutierrez
dgutierrez@dresnerco.com
312-780-7204