[11-14-07 – Satellite Today] Gilat Satellite Networks Ltd. earnings jumped 120 percent in the 2007 third quarter, as the company posted a revenue gain of 12 percent, Gilat announced Nov. 13.
Revenues improved from $63.8 million a year ago to $71.5 million for the most recent quarter, which closed Sept. 30. Net income jumped from $2.7 million to $5.9 million in the same period.
Gilat’s Chairman and CEO Amiram Levinberg said the strong results were helped by several new products unveiled in the third quarter.
Gilat Earnings More Than Double In Third Quarter
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