Revenues for the third quarter of 2008 were $65.3 million, compared to $71.5 million for the same period in 2007.
Revenues for the nine month period ended September 30, 2008 were $201.4 million, compared to $209.9 million in the comparable period of 2007. Net income for the nine month period ended September 30, 2008 was $5.3 million, or $0.13 per diluted share, compared to a net income of $16.3 million, or $0.39 per diluted share, in the same period of 2007.
Amiram Levinberg, CEO and chairman of the board at Gilat, said: Our financial results in the third quarter reflect a decline in GNS’s (Gilat Satellite Networks) business, primarily attributable to lengthened sales cycles, partially offset by strong activity in the US with the receipt of several major orders for gaming and other applications. Our business remains steady and the company is in a strong financial position.
