Revenues for the third quarter of 2010 were $58.0 million compared to $54.6 million in the same period of 2009. Net income for the third quarter of 2010 was $36.2 million or $0.86 per diluted share compared to a net income of $2.5 million, or $0.06 per diluted share in the third quarter of 2009. The increase in the net income was primarily a result of the income from the sale of the Company's shares in the merger of Ingenix and Axolotl, and proceeds received as part of the settlement of litigation with the investors group announced earlier. Non-GAAP operating income for the third quarter of 2010 was $1.0 million compared to an operating loss of $0.2 million in the third quarter of 2009. 

Revenues for the nine month period ended September 30, 2010 were $166.9 million, compared to $171.5 million in the same period of 2009. Net income for the nine month period ended September 30, 2010 was $35.5 million or $0.85 per diluted share, compared to $1.5 million or $0.04 per diluted share, in the same period of 2009. Non-GAAP operating income for the nine month period ended September 30, 2010 was $0.8 million compared to an operating loss of $0.2 million in the same period of 2009. 

Gilat's Chief Executive Officer and Chairman of the Board, Amiram Levinberg said "Our revenue growth and improved financial results are encouraging. We recently signed a definitive agreement to acquire Wavestream Corporation which is a significant milestone in implementing our strategy to enter the defense market, specifically in the US. We estimate that the acquisition will be completed by the end of this year, and then it is expected to have a positive impact on our revenues and profitability. It will also extend our core technologies, the range of solutions we offer and our customer base".