EXHIBIT 11
COMVERSE TECHNOLOGY, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
APRIL 30, 1999 APRIL 30, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 35,637 $ 56,405
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Weighted average number of outstanding common shares 138,642 155,193
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Basic earnings per share $ 0.26 $ 0.36
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Diluted earnings per share:
Net income $ 35,637 $ 56,405
Interest expense on convertible debentures, net of tax - 3,638
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Adjusted net income $ 35,637 $ 60,043
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Weighted average number of outstanding common shares 138,642 155,193
Additional shares assuming exercise of stock options 13,060 15,120
Additional shares assuming conversion
of convertible debentures - 13,954
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Weighted average number of outstanding common shares
assuming full dilution 151,702 184,267
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Diluted earnings per share $ 0.23 $ 0.33
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</TABLE>
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