Capella Education Company Reports Fourth Quarter and Full Year 2011 Results
21.05.12
“2011 was a year marked by a challenging economic environment and
increased competition for the high-quality learners Capella serves,”
said Kevin Gilligan, chairman and chief executive officer. “We shifted
to a brand driven marketing strategy, made difficult decisions to align
expenses and stayed focused on delivering a high-quality educational
experience to our learners. Capella’s momentum entering 2012 continues
in the right direction as we accelerate investments to drive learner
success through innovation.”
For the three months ended Dec. 31, 2011:
Revenues were $110.0 million, compared to $114.7 million in the fourth
quarter of 2010, a decrease of 4.1 percent. Operating income was $18.9 million, compared to $28.3 million for the
same period in 2010. Operating margin was 17.2 percent, compared to
24.7 percent for the fourth quarter 2010. An elimination of 63 non-faculty positions
Source: Business Wire (press release)