Strayer’s revenue grows on increased enrollment

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Strayer Education Inc. reported a 27 percent increase in revenues for the first quarter after its spring semester enrollment was up 22 percent over last year.

The holding company of Strayer University focuses on providing education for working adults. The company reported $157.9 million in revenues, compared with $124.5 million during the first quarter of 2009.

Net income rose 25 percent to $36.4 million, compared with $29.1 million last year.

Strayer is opening new campuses in Dallas and Jackson, Miss., for the summer term.

Strayer had 55,970 total students in the spring. New enrollments grew 16 percent and continuing students’ enrollments grew 23 percent when compared to the first quarter of last year.

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