DeVry, Inc. provided capital expenditure guidance for full year of 2010. For the period the company expects to invest over a $100 million in capital expenditure on its programme services, and facilities. The company is committed to investing in educational technology and capacity needed to serve its students so total capital spending is still expected to exceed a $100 million in 2010.

DeVry, Inc. reported unaudited consolidated earning results for second quarter and six months ended December 31, 2009. For the quarter the company reported net income of $72,590,000 and net income attributable to Devry Inc. was $72,454,000 or $1.00 per diluted share on total revenues of $473,012,000 compared to net income and net income attributable to Devry Inc. was $42,865,000 or $0.59 per diluted share on total revenues of $369,615,000 for the same period a year ago. Income before income taxes was $109,321,000 compared to income before income taxes of $61,356,000 for the same period a year ago. For six months period the company reported net income of $127,161,000 and net income attributable to Devry Inc. $127,181,000 or $1.76 per diluted share on total revenues of $904,122,000 compared to net income and net income attributable to Devry Inc. was $77,695,000 or $1.07 per diluted share on total revenues of $673,332,000 for the same period a year ago. Income before income taxes was $189,615,000 compared to income before income taxes of $109,957,000 for the same period a year ago. Net cash provided by operating activities was $267,284,000 compared to net cash provided by operating activities of $138,773,000 for the same period a year ago. Capital expenditures was $61,629,000 compared to capital expenditures of $25,208,000 for the same period a year ago.

DeVry, Inc. said that the company is looking for acquisitions. Richard M. Gunst, Chief Financial Officer and Senior Vice President of DeVry said, We're certainly looking at acquisitions all the time and we have a very strong, we feel like we built over the last couple of years of very, very strong function there of internal resources and external resources to assess potential mergers, acquisition to do very, very thorough due diligence and then to apply very focused acquisition integration once the school becomes part of the DeVry family. So those are the kinds of acquisitions that we might see. So continued filling out of the international framework, continued filling out at the pre baccalaureate level and those kinds of things. In terms of an impact from the current discussions that are going on and negotiating room making process, I cant say that Ive seen that have a significant impact one way or the other in our review of potential acquisitions.

DeVry University Announces New Oakland Location

DeVry University Announces New Oakland Location

DeVry Inc. FQ210 (Qtr End 12/31/09) Earnings Call Transcript

DeVry shares climb further on enrollments