to the Good quarter first virtually reported no were than outset, outbreak impact this to At complete morning, the we healthcare therefore Thank the the and downturn. Rob. like you, COVID-XX current everyone. economic of and results, crisis XX%, Company’s which morning, I’d financial note prior more reflect from current widespread that
very But, momentarily, detail as were focus will current into cover to-date, SEIs pleased response my well as for COVID-XX to results. them Obviously, some provide first with on as owners I our our intend more Dan visibility to quarter trends. business those we in comments
our like I’d response the and outlining on employees students. since our focus primary COVID-XX this outbreak been And COVID-XX. SEIs to morning of the health by begin and SEIs to has well-being of
couple alternative These for including as for staff, gatherings doctoral to week before University class We’ve or the continuity implement a all term, work strategies academic was well on home only That of from for measures X% classes, Universities business students aggressively moves. first ceremonies, as moved such XXX% national spring ground weeks in-person in which as our Capella’s canceling such seats. March, of residences commencement ordered ago. quickly in started Strayer of well guidance either mandating which state and the account our for Strayer
nor and plan has March, employees to same result of pay any do the The COVID-XX. as time-off that every also uninterrupted furlough unlimited policy sick company a provide During modified its in with to company for week we employee. pay time-off not SEI
were expenses as possible operating reducing however; a are precautionary purely We step.
except CapEx openings, compensation. for campus a temporary external members, other new critical executive freeze pausing hiring include implementing measures reduced These non-essential faculty deferring and
These extending some withdraw preemptive expectation courses included needed. experience tuition our For lockdown. of to our the many measures economic and during our on drop with implemented hardship discounting this mandated basis, fees, temporary some as of to students a from changes students, policies we that waving some may financial deadlines
given company with The to decide is For for creating on them healthcare corporate flexible scholarship working partners example, concentration Capella’s assist should reimbursement and to be corporate in arrangements. also to enroll. a nursing nurses more they some
Turning business current update on conditions. to an now
First had and do Strayer no and interruptions functioning Universities both disruptions. and Capella importantly, expect are nor fully have any we most
see levels a withdrawing of we quarter. have beyond Given workforce this delivered the our time unique structure remotely, of to for business our not And which by failing students we consumed staff our to changes today, very can our higher little we’ve upcoming what dropping, from model, by seen be in and classes, expect re-register students productivity. would during of normally terms seen remotely,
the second coming in daily somewhat. for enrollment we as For trends, November. to COVID-XX demand for quarter metrics measures flat in X% purposes, related temporary the to result websites, well we on And terms that digital the which per student I forecast a quarter, the revenue as basis, roughly more search modeling per revenue described we visits includes roughly student of changed track Day will about for relief have our leading in last at applications talked new Investor versus second reduction inquiries university, information our a students our various for
in we and for indicators the which staying a have and universities, Strayer’s targets early and last into essentially early if student trends to quarter. above April. Capella’s now to eight either strong for relatively decline both recovered, during well prior portion remains have tracking began remained stable some the in Across But, are categories leading cases seen current employer past levels of attribute What mid-March as new downturn. we some since new across these the weeks, sharply this still above at and quarter-to-date students, to translates economic year. seen reduction year’s on basis. in enrollment sponsored demand be university we’re also
our students while quarter in estimate results prior give to results. We owners of economic locked to we nature to in from many COVID-XX for the given with register would of in seeing of And shutdown, weeks advance were we fact unprecedented second we share due that classes’ this in XX% start are our approximately term. a terms the like that restrictions mandated of never what guidance our potential second government of the quarter
the seeing X% ranges per will student to X%, single-digit Enrollment would following slight between the and on we expect operating the in yielding conditions somewhere expenses, in results approximately based the of growth in reduced slightly yield quarter. And are to which revenue second following flat income for X%, today, mid flat down and growth net share. revenue, growth with per we earnings
tools company also that is addition our expertise, parts its other technologies struggling mobilizing education own community of In to crisis. and during this the may assist students, be supporting the to
July people level has XX, courses on free than have are Sophia We offer, for platform have certified until at And more public than all least the consumer XX,XXX introducing courses ACE since to registered general more free college this which based XXXX. made XXX,XXX courses. learning
them these transfer dramatically can programs. their their courses degree cost lower primary of remaining As and back institution, people complete to the they
SEI with quickly offering any to is have Secondly, from provide COVID-XX. to HBCUs may student earned credits in it expense HBCU Capella then instruction. to HBCU of students once either resumes transfer charge, home who of capability to their nation’s a home students and the their as assist an back their enroll School. free no instruction the moving Strayer not The to to SEI or is result can institution affected allow to
to technological tools provide other post courses to online scale. is and education company necessary Third, their the secondary institutions building at assist the
want single need that to important Given long-term. have universities these to dollar a most, low the our robust over we We million investments, for if post range not SEI see online which colleges and in as capability will the expect an and view be new COVID-XX. all both capability
marketing, note support, focus institutions. not and will instructional Our should admissions I other will and on or on be enrollment extend only technology to this, for
that is high of through be sudden to This wake shift continue fulfill And well earning completed as University. as universities enrolled learning. the company be would as done then making graduation XXX% the be either college districts, their available successfully dual enrollment, to high school would Capella or be the finally, used student are for can struggling requirements, well where public school credit. schools the Courses online a whose in school in to Strayer high its may as
Presently, strong we any related supplementary sheet, our to adverse and any other and assist these a offers COVID-XX have financially will we not secure Rob with furthermore, for as have too expect, as balance of impact assistance. no And for fortress federal not material of financial asked universities, no need has mentioned, result accept institutions. financial
be financial were approximately aid of in will a $X.X to the online. academic when be to scholarship move providing for term, who be the entirely to This total we them estimate and however, students we class will to Strayer classes form tuition, and million. a We reduce the cancel those ground spring University assistance in already enrolled their impact
have In earmarked assist COVID-XX. million we addition, hardships experienced to as result of financial employees another $X
operating Notwithstanding XXXX reduce these year. expect prior ability incremental expenses, operating on with flat to operating expenses roughly our expenses total and the to be we based elsewhere,
Our online to outlined instruction broader the online serve learning further just remain education current broadly We morning, approach, which SEI’s post but the students, nation forefront highly as I be believe the positioned to desire and helpful to degree be better even innovating will is at we to as that likely it our possible digital also specifically not instruction. SEI and community. in believe will reflects this COVID-XX
our my would serve their students. resilience tremendous colleagues SEI to and extend thanks ongoing And for of finally, at like to mission focus driven all my to I
run And with financial like first through Dan Dan? to results, our that, I’d quarter
