CSR Announces Record Q3 Financial Results; Operating Profits up 150%, More Significant Design-Ins and Structural Growth.CAMBRIDGE, England -- CSR plc (LSE LSE - Language Sensitive Editor :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. ) today released record results for its Q3 earnings in 2005. The outstanding results reflect the company's strengthened leadership of the Bluetooth silicon market - 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 per cent to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 162.5million and an increase in operating profit of 150 per cent, to USD44.7million. 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 150million ICs shipped to date and launched its fifth generation BlueCore product for Bluetooth including BlueCore5-Multimedia offering significantly enhanced DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive for streaming stereo music. John Hodgson, 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. CSR commented, "We are delighted to have delivered record revenue, operating profit and operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. , all of which have more than doubled compared to 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&D to drive revenue growth beyond 2006." For the financial release, please see: http://ir.csr.com/csr/news/releases/2005-11-02/ Or to download the full results as a PDF file: http://ir.csr.com/csr/news/releases/2005-11-02/2005-11-02.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. CSR has also made the following board appointment: http://ir.csr.com/csr/news/releases/2005-11-02a/ About CSR CSR plc is the leading global provider of Bluetooth technology and has developed expertise in other single-chip wireless communication standards such as Wi-Fi (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 for Bluetooth based around BlueCore, a fully integrated 2.4 GHz radio, baseband and microcontroller. CSR has now launched its fifth generation BlueCore suite and is in volume manufacture of its fourth generation BlueCore devices. BlueCore4 supports the Enhanced Data Rate (EDR (Enhanced Data Rate) An acronym occasionally used to reflect an advancement in transmission or transfer speed. For example, Bluetooth 2.0 + EDR provides a dramatic increase in speed over the previous version. See Bluetooth. ) standard which was ratified at the end of 2004. BlueCore4 remains the only EDR silicon to be shipping in volume today. In November 2004 CSR launched UniFi, the first single chip 802.11a/b/g embedded solution specifically targeting the mobile phone and consumer electronics markets. BlueCore features in over 50 per cent of all Bluetooth devices shipped and over 60 per cent of all qualified Bluetooth enabled products and modules listed on the Bluetooth website with industry leaders including Nokia, Dell, Panasonic, Sharp, Motorola, IBM, Apple, 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. , Toshiba, RIM and Sony using BlueCore devices in their range of Bluetooth products. In March 2005, CSR acquired Clarity Technologies Inc., for its Clear Voice Capture (CVC See CSC. ) technology that enhances the audio performance of any voice-based product or system. Applications for CVC include wireless headsets, handsets and automotive hands free systems. In August 2005, CSR completed the acquisition of UbiNetics' software business, providing a strong R&D team to accelerate its existing software development in Bluetooth, Wi-Fi and UWB. The UbiNetics team gives CSR the capacity to extend its offering to mobile handset customers. CSR has its headquarters and offices in Cambridge, UK, and offices in Japan, Korea, Taiwan, China, India, France, Denmark, Sweden and both Texas and Detroit in the USA. More information can be found at www.csr.com and the partner web site www.btdesigner.com More information about Bluetooth technology can be found on the SIG web site at www.bluetooth.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion