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CSR core revenues lift 12% to USD 175.3 mln in Q4

Thursday 5 March 2015 | 10:54 CET | News
CSR reported fourth-quarter revenue down 10 percent year-on-year to USD 188.1 million, hurt still by the continued decline in its legacy product lines. Its newer core business grew revenues 12 percent to USD 175.3 million, mainly due to a strong performance in voice and music products. The operating profit fell to USD 27.8 million from 11.8 million the year before, while the net profit rose to USD 23.4 million from 11.1 million. CSR finished the quarter with total cash of USD 283.2 million. CSR noted that Qualcomm's proposed acquisition of the company received clearance from the US and

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: CSR / Qualcomm
Countries: World
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