|By PR Newswire||
|November 9, 2012 01:05 PM EST||
SAO PAULO, Nov. 9, 2012 /PRNewswire/ -- Estacio Participacoes S.A. – "Estacio" or the "Company" (BM&FBovespa: ESTC3; Bloomberg: ESTC3.BZ; Reuters: ESTC3.SA; OTC: ECPCY), one of the largest private organizations of higher education in Brazil in terms of the number of enrolled students, has reported its results for the third quarter of 2012 (3Q12) in comparison with the same period for the previous year (3Q11).
Estacio has closed the third quarter of 2012 with a total base of 284,400 students, a growth of 14.8% in relation to the same period of the previous year. Of these 284,400 students, 231,100 are enrolled for on campus-programs, and 53,300 in distance learning programs.
The record intake of students for the 5th time in a row came to 74,800 new on campus and distance learning undergraduate students in the 3rd quarter, an increase of 21.6% in relation to the same period of the previous year.
At the end of 3Q12, the base of on-campus students at Estacio totaled 218,600 students, 11.0% more than the same period of the previous year. From a same-shops point of view (that is, without taking into account acquisitions for this year), growth was 8.7%. The base of distance learning undergraduate students grew 38.5% over the same period of the previous year, for a total of 51,800 students.
At the close of the 3rd quarter of 2012, the base of students at Estacio with FIES support '(Student Financing Fund') from the federal government came to 39,500 students, which represents a total of 18.1% of the overall base of on-campus undergraduate students.
Net operating revenues added up to R$349.6 million, an increase of 21.3% in relation to the same period of the previous year, as a result of growth in the students base and the increase in the average ticket for the period.
In 3Q12, EBITDA totaled R$67.8 million, 43.3% above the result for 3Q11, with an EBITDA margin of 19.4%, showing a gain of 3.0 percentage points compared to the year before, chiefly due to improved management of costs and expenses, along with growth of 21.3% in net revenue.
In the third quarter of 2012, net profits came to R$39.8 million, an increase of 28.0% over the same period of the previous year, mostly as a result of the 43.3% increase in EBITDA, which offset the increase in financial expenditures as a result of debt service contracted over the course of 2011. With this, Profit per Share went up from R$0.38 to R$0.48, representing a 28% increase over the 3rd quarter of 2011, reflecting our ability to generate good returns for our shareholders.
Operating Cash Flow was quite positive, with generation of operating cash of R$67.6 million for the period. Our days receivables continue to improve as our management model responds to our requirements and our action plans become reality, while other variables of cash flow also continue to show gains.
Estacio Investments in 3Q12 were R$62.5 million, 158.3% greater than the same period of the previous year, mainly as the result of expenditures on acquisitions in this quarter (R$38.9 million), which did not occur in the same period last year. In addition, nearly R$3.7 million were invested in the Academic model project (building content and development and production for distance learning); R$3.8 million for Project Tablet; and R$2.3 million for the purchase of hardware and licenses for the development of a project to review IT architecture, which seeks to replace our legacy academic systems and also to upgrade our hardware for the growth envisioned by Estacio. Investments in projects for expansion, revitalization and improvements of units totaled R$0.9 million in 3Q12, and included the investments made in units to be opened in the future.
In this quarter Estacio announced two more acquisitions: FARGS, in Porto Alegre (RS), and Uniuol, in Joao Pessoa (PB), which, together with the acquisitions of the Universities SEAMA (AP), iDez (PB) and Sao Luis (MA), carried out in the first half of this year, served to reinforce our positioning to expand our presence and our brand nationally.
At the end of September 2012, Company Cash added up to R$183.8 million, conservatively applied in fixed income instruments, referenced to the CDI, in federal government bonds and certificates of deposit from first class national banks.
Flavia Oliveira – Manager of Investor Relations
Phone: (21) 3311-9789
E-mail: [email protected]
Phone: 21 3311 -9880
E-mail: [email protected]
SOURCE Estacio Participacoes S.A.
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 28, 2015 03:15 PM EDT
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Aug. 28, 2015 03:01 PM EDT
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Aug. 28, 2015 02:15 PM EDT Reads: 118
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Aug. 28, 2015 02:15 PM EDT Reads: 400
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
Aug. 28, 2015 02:00 PM EDT
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Aug. 28, 2015 12:45 PM EDT Reads: 436
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Aug. 28, 2015 12:30 PM EDT
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 28, 2015 12:30 PM EDT Reads: 137
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 28, 2015 12:30 PM EDT
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Aug. 28, 2015 12:00 PM EDT Reads: 180
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
Aug. 28, 2015 12:00 PM EDT Reads: 441
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Aug. 28, 2015 11:30 AM EDT
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 28, 2015 11:15 AM EDT Reads: 802
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Aug. 28, 2015 11:00 AM EDT
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Aug. 28, 2015 10:00 AM EDT