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Chas Edelstein, co-CEO of the Phoenix company, attributeed Apollo’s 26 percent revenue growth to higher enrollment and increased tuitiobn rates at its flagship University of For the three months endedMay 31, Apollo reported $201 million in net income on net revenu of $1.05 billion, compared with $139 milliob in net income on net revenue of $835 milliohn during the same period a year earlier. For the nine monthsa ended May 31, Apollo reported $507 million in net incomr on $2.9 billion in net revenue, up from $247 milliohn in net income on $2.3 billion in The company’s subsidiary Apollo is in the process of acquiringBPP Holdings, a U.K.
-based provideer of education and training to professionals in the legal and finance industries. Apollo Group providesd a $550 million loan to its global subsidiary to fund the which is expected to close lateethis year. Edelstein said a portion of thosd escrow funds will be released after the deal as Washington-based The Carlyle Group, whichb owns 19.9 percent of Apollo Global, kicks in its portion of the
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