DeVry Education Group Inc.’s (DV) subsidiary, Becker Professional Review, recently launched an exam review course in the growing Indian market through its existing partner, EduPristine.
The Certified Management Accountant or CMA course is designed for management accountants and financial professionals in business. The CMA certification is recognized globally.
Becker Professional Review offers professional exam review and training programs for many popular certification examinations like Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA) to mention a few. Becker already offers CPA training in India in partnership wuth EduPristine, India’s largest financial certifications review provider formed last year.
Becker Professional Review is part of DeVry’s International and Professional Education segment which also includes operations of DeVry Brasil, which operates through eight institutions in the northeast region of Brazil. The segment also includes operations ofATC International and Falcon Physician Reviews which were acquired in Apr 2011 and Apr 2012, respectively.
The segment has been doing quite well for the past few quarters. In the last reported quarter – first-quarter fiscal 2015 – segment revenues grew 22% year over year driven by top-line growth at both DeVry Brasil and Becker. While DeVry Brasil’s revenues grew 25%, that of Becker Professional Education increased 18% year over year.
In fact, DeVry international/professional institutions coupled with the medical schools have shown significant improvement in revenues and profitability in all the quarters of fiscal 2013 as well as 2014.
Especially the healthcare institutions, Chamberlain and Ross, are gaining from strong demand for jobs in the healthcare fields across the U.S.
With strong growth witnessed over the last two years, management believes that the medical and healthcare, and international segments are poised to increase organic revenues and operating income at a double-digit pace over the next three to five years. In fact, the healthcare and international segments are expected to contribute a progressively larger portion of revenues/earnings in fiscal 2015.
Other Stocks to Consider
DeVry carries a Zacks Rank #3 (Hold). Other better-ranked stocks in the education industry include Strayer Education, Inc. (STRA), Capella Education Company (CPLA) and Grand Canyon Education, Inc. (LOPE). All these companies sport a Zacks Rank #1 (Strong Buy).
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