Exhibit 99.1

DeVry Inc. Announces Fourth-Quarter and Full-Year 2012 Results

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--August 9, 2012--DeVry Inc. (NYSE:DV), a global provider of educational services, today reported financial results for its fiscal 2012 fourth-quarter and full year ended June 30, 2012. The fourth quarter results contain two discrete items: a non-cash goodwill and intangible asset impairment charge of $18.4 million after-tax, or $0.28 per share, for Advanced Academics and a $4.3 million after-tax, or $0.07 per share, restructuring charge for workforce reductions.

Three Months Ended June 30, 2012

• Revenues decreased 7.5 percent to $505.9 million.
• Reported net income declined to $8.1 million from $75.2 million last year, net income excluding discrete items was $30.9 million, down 59 percent.
• Reported diluted earnings per share were $0.12 compared to $1.08 per share last year, and earnings per share excluding discrete items was $0.47 per share, down 56 percent.

Twelve Months Ended June 30, 2012

• Fiscal 2012 revenues decreased 4.2 percent to $2,090 million.
• Reported net income declined to $141.6 million, from $330.4 million last year, and net income excluding discrete items was $217.9 million, down 34 percent.
• Reported diluted earnings per share decreased to $2.09 from $4.68 per share last year, and earnings per share excluding discrete items was $3.22 per share, down 31 percent.

“While we are disappointed with the results for this quarter and year, we are optimistic about mid- and long- term growth prospects in higher education and for DeVry,” said Daniel Hamburger, DeVry’s president and chief executive officer. “We are executing a plan to improve DeVry’s near-term performance. The most important elements of the plan are to align our cost structure with our enrollment levels and to regain enrollment growth in our high-quality academic programs.”

Business Highlights

Business, Technology, and Management Segment

DeVry University

Enrollment results for DeVry University at both the undergrad and graduate levels continue to be negatively impacted by the prolonged economic downturn and low consumer confidence, trends being experienced across higher education.

For the May session at DeVry University new undergraduate enrollments decreased 14.3 percent to 5,730 compared to 6,690 the previous year. Total undergraduate students decreased 14.7 percent to 60,044 versus 70,393 for the session a year ago. For the July session new undergraduate enrollments decreased 16.6 percent to 7,532 compared to 9,026 the previous year. Total undergraduate students decreased 15.8 percent to 50,503 versus 59,966 for the July term a year ago.

At the graduate level, including Keller Graduate School of Management, total coursetakers in the May session decreased 4.5 percent to 22,732 versus 23,802 for the same session a year ago. For the July session, total graduate coursetakers decreased 9.0 percent to 19,635 versus 21,576 for the same session a year ago.

The total number of online undergraduate and graduate coursetakers in the May session decreased 11.6 percent to 73,803 versus 83,515 in the same session a year ago. For July, total online coursetakers decreased 19.1 percent to 56,340 versus 69,617.

Medical and Healthcare Segment

DeVry Medical International

In the May term, new students increased 13.6 percent to 643, compared to 566 students last year. Total students increased 1.0 percent to 5,944 compared to 5,885 students in the same term last year. The increase in the May term reflects the continued strong demand for medical and veterinary medical education.

Chamberlain College of Nursing

Chamberlain's new student enrollment in the May session decreased 0.8 percent to 1,083 students, compared to 1,092 in May 2011. Total student enrollment increased 15.7 percent to 11,214 students compared with 9,690 during the same period last year.

For the July session new student enrollment increased 14.7 percent to 1,974 students, compared to 1,721 in July 2011. Total student enrollment increased 15.8 percent to 10,852 students compared with 9,374 in the previous year.

Demand for skilled nurses remains a key driver for overall enrollment growth as Chamberlain looks to expand with two new campuses in Tinley Park, Ill., and Cleveland on track to open in early 2013 pending all approvals.

Carrington Colleges Group

For the three month period ending June 30 new student enrollment for Carrington decreased 19.7 percent to 1,632 versus 2,033. Total enrollment decreased 25.7 percent to 6,486 compared to 8,728 in the prior year.

Carrington continues to make progress on its turnaround plan, which has led to improved inquiry quality and conversion rates for the most recent period.

International, K-12 and Professional Education Segment

DeVry Brasil

DeVry Brasil continues to show strong demand and has benefitted from the acquisition of FBV, as well as targeted investments in campus and program improvements that are resulting in increased academic quality and greater student satisfaction.

Balance Sheet/Cash Flow

For fiscal 2012, DeVry generated $277.4 million of operating cash flow. As of June 30, 2012, cash, marketable securities and investment balances totaled $176.7 million with no outstanding debt.

Share Repurchase Plan

During the fourth quarter of fiscal 2012, at total of 1,133,204 shares were repurchased under the organization’s seventh repurchase program for approximately $33.9 million, at an average cost of $29.94 per share.

New Enrollment Reporting Structure

DeVry has recently changed the format of enrollment reporting to provide better alignment with quarterly financial results. In prior years, DeVry University along with its Keller Graduate School of Management, and Chamberlain College of Nursing were reported three times per fiscal year. A schedule of enrollment reporting dates is located in today’s release as Chart 1. Historical enrollment figures dating back to fiscal 2009 have been provided in the new format as Chart 2.

Conference Call and Webcast Information

DeVry will host a conference call on August 9, 2012, at 3:30 p.m. Central Daylight Time (4:30 p.m. Eastern Daylight Time) to discuss its fiscal 2012 fourth-quarter and year-end results. The conference call will be led by Daniel Hamburger, president and chief executive officer, Tim Wiggins, chief financial officer and Pat Unzicker, vice president of finance.

For those wishing to participate by telephone dial 866-770-7125 (domestic) or 617-213-8066 (international). Use passcode 78019365 or say “DeVry Call”. DeVry will also broadcast the conference call live via the Internet. Interested parties may access the webcast through the Investor Relations section of the organization’s website, or http://www.media-server.com/m/p/32q7ii96. Please access the website at least 15 minutes prior to the start of the call to register, download and install any necessary audio software.

DeVry will archive a telephone replay of the call until August 29, 2012 at 11:59 p.m. To access the replay, dial 888-286-8010 (domestic) or 617-801-6888 (international), passcode 39989649. To access the webcast replay, please visit the company's website, or http://www.media-server.com/m/p/32q7ii96.

About DeVry Inc.

DeVry's purpose is to empower its students to achieve their educational and career goals. DeVry (NYSE: DV, member S&P 500 Index) is a global provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, and Ross University Schools of Medicine and Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare and technology. DeVry’s institutions serve students in secondary through postsecondary education and professionals in accounting and finance. For more information, please call 630.353.3800 or visit http://www.devryinc.com.

Certain statements contained in this release concerning DeVry's future performance, including those statements concerning DeVry's expectations or plans, may constitute forward-looking statements subject to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as DeVry or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Actual results may differ materially from those projected or implied by these forward-looking statements. Potential risks, uncertainties and other factors that could cause results to differ are described more fully in Item 1A, "Risk Factors," in DeVry's most recent Annual Report on Form 10-K for the year ending June 30, 2011 and filed with the Securities and Exchange Commission on August 26, 2011, and quarterly reports on Form 10-Q for the fiscal quarters ended September 30, 2011, December 31, 2011 and March 31, 2012 and filed with the Securities and Exchange Commission on November 4, 2011, February 6, 2012 and May 3, 2012, respectively.

Selected Operating Data (in thousands, except per share data)

Use of Non-GAAP Financial Information and Supplemental Reconciliation Schedule

During the fourth quarter of fiscal year 2012, DeVry recorded an impairment charge related to its Advanced Academics reporting unit. During the second quarter of fiscal year 2012, DeVry recorded an impairment charge related to its Carrington Colleges reporting unit. Also, DeVry recorded a gain from the sale of Becker’s Stalla CFA review operations. The following table illustrates the effects of the impairment charges and gain on sale of assets on DeVry’s results. Management believes that the disclosure of non-GAAP net income and earnings per share provides investors with useful supplemental information regarding the underlying business trends and performance of DeVry’s ongoing operations and is useful for period-over period comparisons of such operations given the discrete nature of the impairment charges and gain on the sale of assets. DeVry uses these supplemental financial measures internally in its management and budgeting processes. However, the non-GAAP financial measures should be viewed in addition to, and not as a substitute for, DeVry’s reported results prepared in accordance with GAAP. The following table reconciles these items to the relevant GAAP information (in thousands, except per share data):

Summer 2012 Enrollment Results

Chart 1: Remaining DeVry Inc. Calendar 2012 Announcements & Events

Chart 2: Historical Enrollment Figures from Fiscal 2009 to Present

Intangible asset and goodwill impairment charges were recorded for the three and twelve month periods ended June 30, 2012. These charges are related to DeVry's Carrington Colleges Group, Inc. which is part of the Medical and Healthcare segment and Advanced Academics, Inc. which is part of the International, K-12 and Professional Education segment. Also, restructuring charges were recorded for the three and twelve month periods ended June 30, 2012. These charges were made to reporting units in all three segments. The following table illustrates the effects of these impairment and restructuring charges on the operating income of the segments. Management believes that the non-GAAP disclosure of operating earnings provides investors with useful supplemental information regarding the underlying business trends and performance of DeVry’s ongoing operations and are useful for period-over-period comparisons of such operations given the discrete nature of these impairment transactions. DeVry uses these supplemental financial measures internally in its budgeting process. However, the non-GAAP financial measures should be viewed in addition to, and not as a substitute for, DeVry’s reported results prepared in accordance with GAAP. The following table reconciles these items to the relevant GAAP information:

CONTACT:
DeVry Inc.
Investor Contact:
Joan Bates, (630) 353-3800
jbates@devry.com
or
Media Contact:
Larry Larsen, (312) 895-4717
llarsen@sardverb.com