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Business Description
Apollo Group, Inc. provides higher education to working adults. The Company operates through its subsidiaries, The University of Phoenix, Inc., Institute for Professional Development, The College for Financial Planning Institutes Corporation and Western International University, Inc. The Company offers its programs and services at 58 campuses and 102 learning centers in 36 states, Puerto Rico, and Vancouver, British Columbia. The Company's combined degree enrollment was approximately 124,800 at August 31, 2001.

Financial Information
Apollo Group is a provider of higher education programs for working adults. APOL offers its services at 58 campuses and 102 learning centers in the United States, Puerto Rico and British Columbia. For the nine months ended 5/31/02, revenues rose 31% to $727.1 million. Net income rose 43% to $106.6 million. Revenues reflect growth in student enrollment and tuition price increases. Net income also reflects improved operating margins.