Gilat Satellite Q2 Takes Off, CEO 'Confident About Our Ability To Materialize Our Long-Term Growth Potential'
Portfolio Pulse from Anusuya Lahiri
Gilat Satellite Networks Ltd. (NASDAQ:GILT) reported a 22% YoY revenue growth in Q2 FY23, beating consensus estimates. The company also reported higher non-GAAP operating income and EPS. Gilat's CEO highlighted the expansion in their in-flight connectivity business and the progress in obtaining regulatory approvals for the acquisition of DataPath Inc. The company raised its FY23 revenue and operating income guidance.
August 08, 2023 | 4:22 pm
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POSITIVE IMPACT
Gilat Satellite Networks reported strong Q2 FY23 results, beating consensus estimates. The company's expansion in the in-flight connectivity business and the progress in the acquisition of DataPath Inc. are positive signs. The raised FY23 guidance indicates management's confidence in future performance.
Gilat's strong Q2 FY23 results and raised FY23 guidance indicate a positive outlook for the company. The expansion in the in-flight connectivity business and the progress in the acquisition of DataPath Inc. are likely to contribute to future growth, potentially leading to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100