Via CommsDesign.com

CSR plc, a company that launched as a startup to address the market for Bluetooth silicon, released record results for its Q3 earnings in 2005.

CSR (Cambridge, England) was able to more than double revenue to $162.5 million and increase its operating profit by 150 percent, to $44.7 million compared with the same quarter in 2004.

The net profit in Q3 2005 was $37.6 million on revenues of $162.5 million compared with $15.1 million made on revenue of $94.8 million in Q2 2005 and $18.4 million net profit made on revenues of $77.7 million in Q3 2004.

The results reflect CSR’s increased dominance of the Bluetooth silicon market with design wins with BenQ, Kyocera, LG, Motorola, Nokia, Philips, Samsung, Siemens and Sony, achieved during the quarter. CSR has expanded over the past six months through the acquisition of UbiNetics and the opening of a hardware design centre in France. CSR’s headcount has now grown to 650.

“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,” said John Hodgson, CSR’s chief executive officer, in a statement.