CSR Announces Record Financial Results for Q3.Q3 2006 Results Cement Wireless Leader's Position CAMBRIDGE, England -- CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. (LSE LSE - Language Sensitive Editor :CSR) today announced its unaudited financial results for the third quarter of 2006, reporting strong growth in quarterly revenues, up 32% to $214.1m, and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. , up 14% to $51.0m, compared with the same period in 2005. During the 3rd quarter of 2006, CSR continued to grow its unit share of the Bluetooth market to exceed 50% and achieved nearly half of all GSM handset design wins and 94% of all headset design wins. The company also launched its UniVox VoWiFi phone reference design, demonstrating a broadening of its non-Bluetooth portfolio and supporting its UniFi single-chip Wi-Fi offering. John Scarisbrick, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CSR commented on today's results, "We have delivered record results in the third quarter of 2006, with revenues increasing 32% and operating profits increasing 14% compared to the same quarter last year. Bluetooth is increasingly being designed into an ever more diversified range of products and encouragingly we have started to see significant design activity in the consumer segment which includes applications such as MP3 players. CSR has maintained its leadership in Bluetooth with approximately 60% of the total available design wins so far this year and the Board is confident that further significant growth will be achieved in 2007. Our confidence is underpinned by our design win leadership and significant design-ins across both traditional and newer applications for Bluetooth including the growing consumer segment." The consumer market has proved to be a growing segment for CSR in Q3 2006. Bluetooth stereo headsets for use with mobile phones, MP3 players and PCs have gained traction with consumers and CSR has won 94% of all stereo headset design wins during the results period. Bluetooth-enabled MP3 players are also starting to appear in the market with CSR at the heart of Samsung's first Bluetooth MP3 player, the T9. In the automotive market, CSR won significant design-ins with GPS systems from TomTom and Garmin and handsfree kits for customers like Sony Ericsson For an arrangement of Sony Ericsson products, see list of Sony Ericsson products Sony Ericsson is a joint venture established in 2001 by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. , Nokia and Continental. In the PC market, CSR secured the only laptop design win of the 3rd quarter, with Fujitsu Siemens (Fujitsu Siemens Computers, Inc. (USA), Milpitas, CA, www.fujitsu-siemens.com) Fujitsu Siemens Computers USA is a wholly owned research and development subsidiary of Fujitsu Siemens Computers. and a number of peripherals. In the mobile phone market, CSR was awarded 20 of the 43 GSM handset qualifications of the 3rd quarter 2006, bringing the company's total share for the year to 46% of all 157 GSM handsets qualified during the first 3 quarters of 2006. CSR's investment in its market leadership is also reflected in a further rise in headcount from 810 at the end of Q2 2006, to 904 at the end of Q3 2006. For the full version of CSR's interim results, visit: http://ir.csr.com/csr/news/releases/pr2006/2006-11-08/ Or download the PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. document at: http://ir.csr.com/csr/news/releases/pr2006/2006-11-08/ 2006-11-08.pdf (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) About CSR CSR is the leading global provider of personal wireless technology and its product portfolio covers Bluetooth, FM receivers and WiFi (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11). CSR offers developed hardware/software solutions, based around its silicon platforms, that incorporate, fully integrated radio, baseband and microcontroller elements. CSR's customers include industry leaders such as Apple, Dell, LG, Motorola, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Nokia, Panasonic, RIM, Samsung, Sharp, Sony, TomTom and Toshiba. CSR has its headquarters and offices in Cambridge, UK, and offices in Japan, Korea, Taiwan, China, India, France, Denmark, Sweden and both Dallas and Detroit in the USA. More information can be found at www.csr.com. |
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