For-profit post-secondary online education provider Perdoceo has reported second-quarter 2021 net income of $26.6 million, compared to net income of $28.2 million reported for the second quarter of 2020.
Revenue for the quarter was $175.5 million, compared to $176 million reported for Q2 2020.
The Schaumburg, Illinois-based company also reported its results for the first six months of 2021. Its net income for the period was $57.4 million, compared to $57.3 million reported for the first six months of 2020. Revenue for the period was $359.2 million, up from $347 million reported for the first half of last year.
Perdoceo president and chief executive Todd Nelson said: “Student experiences, retention and academic outcomes remain the focus of our operations as we and our students adjust to the evolving pandemic environment and its economic and social impacts. We continue to optimise our operations to serve and educate students as efficiently and effectively as possible. Our balance sheet remains a source of strength that enables us to continue investing in our existing operations while also reviewing opportunities to acquire academic programmes that will expand the breadth of our programme offerings.”
Date published: 6 August 2021