EX-11 3 a9-13ex11.txt Exhibit 11 COMVERSE TECHNOLOGY, INC. Statement re Computation of Per Share Earnings (Unaudited) (In thousands, except per share data)
Three months ended July 31, 2000 July 31, 2001 Basic earnings per share: Net income $ 51,703 $ 27,984 ======== ======== Weighted average number of outstanding common shares 158,177 174,406 ======== ======== Basic earnings per share $ 0.33 $ 0.16 ======== ======== Diluted earnings per share: Net income $ 51,703 $ 27,984 Interest expense on 4.5% convertible debentures, net of tax 3,638 - -------- -------- Adjusted net income $ 55,341 $ 27,984 ======== ======== Weighted average number of outstanding common shares 158,177 174,406 Additional shares assuming exercise of stock options 13,877 6,836 Additional shares assuming conversion of 4.5% convertible debentures 13,954 - -------- -------- Weighted average number of outstanding common shares assuming full dilution 186,008 181,242 ======== ======== Diluted earnings per share $ 0.30 $ 0.15 ======== ========
Page 25 of 26 Total Pages Exhibit 11 COMVERSE TECHNOLOGY, INC. Statement re Computation of Per Share Earnings (Unaudited) (In thousands, except per share data)
Six months ended July 31, 2000 July 31, 2001 Basic earnings per share: Net income $ 107,909 $ 106,940 ========= =========== Weighted average number of outstanding common shares 157,730 172,592 ========= =========== Basic earnings per share $ 0.68 $ 0.62 ========= =========== Diluted earnings per share: Net income $ 107,909 $ 106,940 Interest expense on 4.5% convertible debentures, net of tax 7,276 6,471 --------- ----------- Adjusted net income $ 115,185 $ 113,411 ========= =========== Weighted average number of outstanding common shares 157,730 172,592 Additional shares assuming exercise of stock options 14,414 8,089 Additional shares assuming conversion of 4.5% convertible debentures 13,954 12,403 --------- ----------- Weighted average number of outstanding common shares assuming full dilution 186,098 193,084 ========= =========== Diluted earnings per share $ 0.62 $ 0.59 ========= ===========
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