{"id":84828,"date":"2011-05-19T00:03:04","date_gmt":"2011-05-18T16:03:04","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/gilat-sees-strong-revenue-and-profit-increases\/"},"modified":"2011-05-19T00:03:04","modified_gmt":"2011-05-18T16:03:04","slug":"gilat-sees-strong-revenue-and-profit-increases","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/gilat-sees-strong-revenue-and-profit-increases\/","title":{"rendered":"Gilat Sees Strong Revenue and Profit Increases"},"content":{"rendered":"<p>[05-18-11] <b>Gilat Satellite Networks<\/b> saw strong increases in revenues and profits its first quarter, the company reported May 17.<br \/>\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The company noted revenues of $80 million in the first quarter of the year, compared with $57.1 million in the same quarter last year. Its operating profits reached $0.8 million in the first quarter. This compares with $0.1 million in the same quarter last year.<br \/>\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gilat has made a good start to 2011, and recently won a key contract in Australia. It was selected by <b>Optus <\/b>to provide a SkyEdge II VSAT network, installation, operation and maintenance for the Australian Government\u2019s <b>National Broadband Network Company<\/b>\u2018s (NBN Co) interim satellite service. The contract represents a potential value of $120 million during a five-year period.<\/p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u201cOur strategy to increase R&amp;D and invest in our future while we improve our profitability is continuing as planned. Our recent contract win in Australia is a strong show of faith for Gilat\u2019s technology and our overall delivery capabilities,&#8221; Gilat CEO Amiram Levinberg said in a statement. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-18-11] Gilat Satellite Networks saw strong increases in revenues and profits its first quarter, the company reported May 17. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The company noted revenues of $80 million in the first quarter of the year, compared with $57.1 million in the same quarter last year. Its operating profits reached $0.8 million in the first quarter. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84828","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84828"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84828"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84828\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}