Ditech Networks, Inc. (NasdaqITC) reported financial results for the three month periods ending July 31, 2011 and 2010. Revenues were $3.7 million, down from $5.3 million last quarter and $4.0 million in the corresponding period last year. GAAP operating expense for the quarter was $4.3 million, down from $4.7 million in the previous quarter and $5.7 million for the corresponding quarter last year. Non-GAAPoperating expenses were $4.2 million.

Ditech Networks, Inc. designs, develops, and markets telecommunications equipment for use in wireline, wireless, satellite, and Internet protocol (IP) telecommunications networks worldwide.

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