CSR lifts revenue as profit drags

Wireless technology and computer chip company CSR reported an increase in fourth quarter revenue, towards the top end of management expectations, following good momentum across its markets.

Wireless technology and computer chip company CSR reported an increase in fourth quarter revenue, towards the top end of management expectations, following good momentum across its markets.

The Cambridge based firm said revenue rose to $244m for the final quarter to 30 December 2011 from $184.8m the previous year. However operating profit for the period fell to $0.6m from $8.1m before, which includes $41.1m of acquisition related charges.

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