Product category:
Communications ICs (Wireless)
News Release from: Cambridge Silicon Radio
Edited by the Electronicstalk Editorial
Team on 29 November 2005
CSR announces record third-quarter
results
CSR has released record results for its third-quarter earnings for fiscal 2005.
CSR has released record results for its Q3 earnings in 2005 The outstanding results reflect the company's strengthened position in the Bluetooth silicon market
This article was originally published on Electronicstalk on 24 Aug 2001 at 8.00am (UK)
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During this quarter CSR claimed important Bluetooth design wins including BenQ, Kyocera, LG, Motorola, Nokia, Philips, Samsung, Siemens and Sony.
CSR has experienced rapid expansion over the past six months, including the acquisition of UbiNetics, and the opening of a hardware design centre in France.
CSR's headcount has now grown to 650.
Financial highlights of the results announcement include an increase in revenue of 109% to US$162.5 million and an increase in operating profit of 150%, to US$44.7 million.
In total, CSR was awarded 55 cellular (handset and headset) designs for the quarter in comparison to 22 designs for the same period in 2004.
During this period, CSR also exceeded 150 million ICs shipped to date and launched its fifth generation BlueCore product for Bluetooth including BlueCore5-Multimedia offering significantly enhanced DSP for streaming stereo music.
John Hodgson, CEO CSR commented: "We are delighted to have delivered record revenue, operating profit and operating cash flow, all of which have more than doubled compared with the same quarter last year".
"We have seen strong demand for our Bluetooth solutions in the cellular sector this quarter in advance of the traditionally strong quarter for the consumer market".
"We are confident in the outlook for continued revenue growth in 2006 and remain committed to further investment in R and D to drive revenue growth beyond 2006".
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