Gilat Satellite Networks Ltd. reported a profit of $1.2 million on revenues of $58.6 million in the 2006 first quarter, Gilat announced May 10. In the first quarter of 2005, the VSAT provider lost $1.9 million on revenues of $53 million.

“The first quarter was a strong quarter, with improvements across all key financial indicators and we remain on track in achieving our 2006 management financial objectives,” Amiram Levinberg, Gilat’s chairman and CEO, said in a statement. “Within our main markets of enterprise, government and rural communications, we have shown an increase in deals for larger networks and also maintain a steady flow of deals addressing smaller networks. We are also selling higher value solutions to our customers.”