August 15, 2003

As Online Enrollments Grow, eCollege.com Posts Its First Profit

By FLORENCE OLSEN

Riding a surge in online distance-education enrollments, eCollege.com has reported a profit for the quarter just ended -- the first in its seven-year history.

For the second quarter, the company reported $356,000 in profit and a record $7.3-million in revenue.

Officials of the Denver-based company, which helps colleges that offer distance education over the Internet, say that work with for-profit colleges now provides a significant portion of its revenue.

Oakleigh

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