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Previous: COMVERSE TECHNOLOGY INC/NY/, 10-Q, 2000-12-14 |
Next: COMVERSE TECHNOLOGY INC/NY/, 10-Q, EX-27, 2000-12-14 |
EXHIBIT 11
COMVERSE TECHNOLOGY, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
OCTOBER 31, 1999 OCTOBER 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 44,035 $ 64,362
======== ========
Weighted average number of outstanding common shares 146,022 163,058
======== ========
Basic earnings per share $ 0.30 $ 0.39
======== ========
Diluted earnings per share:
Net income $ 44,035 $ 64,362
Interest expense on Convertible Subordinated
Debentures, net of tax 1,385 3,638
-------- --------
Adjusted net income $ 45,420 $ 68,000
======== ========
Weighted average number of outstanding common shares 146,022 163,058
Additional shares assuming exercise of stock options 13,794 14,762
Additional shares assuming conversion of Convertible
Subordinated Debentures 5,966 13,954
-------- --------
Weighted average number of outstanding common shares
assuming full dilution 165,782 191,774
======== ========
Diluted earnings per share $ 0.27 $ 0.35
======== ========
</TABLE>
Page 23 of 24 Total Pages
<PAGE>
EXHIBIT 11
COMVERSE TECHNOLOGY, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
NINE MONTHS ENDED
OCTOBER 31, 1999 OCTOBER 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $121,250 $172,271
======== ========
Weighted average number of outstanding common shares 143,006 159,591
======== ========
Basic earnings per share $ 0.85 $ 1.08
======== ========
Diluted earnings per share:
Net income $121,250 $172,271
Interest expense on Convertible Subordinated
Debentures, net of tax 14,405 10,914
-------- --------
Adjusted net income $135,655 $183,185
======== ========
Weighted average number of outstanding common shares 143,006 159,591
Additional shares assuming exercise of stock options 13,620 14,894
Additional shares assuming conversion of Convertible
Subordinated Debentures 20,968 13,954
-------- --------
Weighted average number of outstanding common shares
assuming full dilution 177,594 188,439
======== ========
Diluted earnings per share $ 0.76 $ 0.97
======== ========
</TABLE>
Page 24 of 24 Total Pages
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