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WirelessDevNet.com Press Release
Digia continues to grow in the Symbian OS based smartphone development market
[Helsinki, October 29th, 2003] - Digia, a designer and integrator of Symbian OS based software for smartphone manufacturers world-wide, announces continuous, organic growth for the first three quarters of 2003.
First three quarters (Q1-3) of 2003 generated revenues of EUR 11.8m (+36%,
2002) as Q3 revenues were EUR 3.9m (+33%, 2002). During the first nine months company's cash flow was positive and its business profitable.
Digia's cash position exceeded EUR 24.4m.
"Digia's strong market position is based on our focus and commitment to Symbian OS and the smartphone industry segment including the Series 60 Platform. As manufacturers have ramped up their Symbian OS based smartphone development, we have increased our market share and achieved strong growth and profitability", says Mr. Jari Mielonen, CEO of Digia.
Organic growth with active recruitment operations
As of October Digia's personnel reached 223 (182, 10/2002). Digia has continued its recruiting operations during the whole fiscal year by hiring over 40 software developers and specialists its branch offices in Finland.
To assure managed growth, Digia puts emphasis on continuous competence and process development and is a well-known employer within the industry. In Universumīs independent graduate survey 2003 Digiaīs employer image ranking improved the most among IT companies in Finland.
Business operations have been successfully executed and strongly international
Digia has established itself as the leading Symbian OS software company that provides a complete set of system integration services and solutions needed for the customer's smartphone product platform creation and development. During 2003 Digia has succeeded in gaining new mobile phone manufacturer customers for system integration operations and technology licensing. These companies include Symbian OS and Series 60 platform licensees.
CEO, Jari Mielonen said: "Our investments into R&D, complete software competence development, processes and quality enable a successful stream of products for manufacturers. These are exciting times for us as Symbian OS is clearly the platform of choice for mass market smartphones. These are healthy preconditions for continuous profitable business growth for Digia".
For more information:
Jari Mielonen, CEO, Digia Inc.
Tel. +358 40 7038 383, e-mail: jari.mielonen@digia.com
Jarkko Virtanen, Director, Marketing and Communications, Digia Inc.
Tel. +358 40 7593 603, email: jarkko.virtanen@digia.com
Digia Inc. designs and develops Symbian? OS based software for smartphone manufacturers world-wide. Digia utilizes its extensive experience and technology competence in helping device manufacturers to create and bring their products into the market on time and cost efficiently. Digia works to build a wireless future with its investors, including e.g. Cisco Systems, Eqvitec Partners, General Electric, Intel, Investor AB, TeliaSonera and Sony. For more information: www.digia.com
Digia and Digia-based marks and logos are trademarks of Digia Inc. All other trademarks are the property of their respective owners.
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