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Previous: COMVERSE TECHNOLOGY INC/NY/, 10-Q, 2000-09-14 |
Next: COMVERSE TECHNOLOGY INC/NY/, 10-Q, EX-27, 2000-09-14 |
EXHIBIT 11
COMVERSE TECHNOLOGY, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
JULY 31, 1999 JULY 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 41,023 $ 51,703
========= ===========
Weighted average number of outstanding common shares 142,433 158,177
========= ===========
Basic earnings per share $ 0.29 $ 0.33
========= ===========
Diluted earnings per share:
Net income $ 41,023 $ 51,703
Interest expense on Convertible Subordinated
Debentures, net of tax - 3,638
-------- -------------
Adjusted net income $ 41,023 $ 55,341
======== ========
Weighted average number of outstanding common shares 142,433 158,177
Additional shares assuming exercise of stock options 13,933 13,877
Additional shares assuming conversion of Convertible
Subordinated Debentures - 13,954
--------- -----------
Weighted average number of outstanding common shares
assuming full dilution 156,366 186,008
========= ===========
Diluted earnings per share $ 0.26 $ 0.30
========= ===========
</TABLE>
Page 22 of 23 Total Pages
<PAGE>
EXHIBIT 11
COMVERSE TECHNOLOGY, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
SIX MONTHS ENDED
JULY 31, 1999 JULY 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 77,215 $ 107,909
========= ===========
Weighted average number of outstanding common shares 141,615 157,730
========= ===========
Basic earnings per share $ 0.55 $ 0.68
========= ===========
Diluted earnings per share:
Net income $ 77,215 $ 107,909
Interest expense on Convertible Subordinated
Debentures, net of tax 9,814 7,276
--------- -----------
Adjusted net income $ 87,029 $ 115,185
========= ===========
Weighted average number of outstanding common shares 141,615 157,730
Additional shares assuming exercise of stock options 13,641 14,414
Additional shares assuming conversion of Convertible
Subordinated Debentures 21,494 13,954
--------- -----------
Weighted average number of outstanding common shares
assuming full dilution 176,750 186,098
========= ===========
Diluted earnings per share $ 0.49 $ 0.62
========= ===========
</TABLE>
Page 23 of 23 Total Pages
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