PETAH TIKVA, Israel, May. 15, 2008--Gilat Satellite Networks Ltd. (NasdaqGM:GILT), today reported its results for the quarter ending March 31, 2008.  Revenues for the first quarter of 2008 were $70.5 million, up from $68.0 million in the same period of 2007. Net income for the first quarter of 2008 was $4.6 million or $0.11 per diluted share, compared to a net income of $4.9 million or $0.12 per diluted share in the first quarter of 2007. These results include expenses related to the merger agreement in the amount of $0.7 million.