Gilat Satellite Networks Ltd. (NasdaqGM: GILT), has reported its results for the quarter ending March 31, 2010. Revenues for the first quarter of 2010 were $57.1 million compared to $60.8 million for the same period of 2009. Net income for the first quarter of 2010 was $0.6 million or $0.02 per diluted share compared to a net income of $0.2 million, or $0.01 per diluted share in the first quarter of 2009. To read the complete financial report, select this direct link.