Six Months Ended July 31, 2011

Six Months Ended July 31, 2010

Comverse
Technology,
Inc.'s
Shareholders'
Equity

Noncontrolling
Interest

Total
Equity

Comverse
Technology,
Inc.'s
Shareholders'
Equity

Noncontrolling
Interest

Total
Equity

(In thousands)

Balance, January 31

$

413,008

$

72,879

$

485,887

$

422,486

$

87,236

$

509,722

Comprehensive loss:

Net loss

(98,892

)

9,885

(89,007

)

(106,048

)

(577

)

(106,625

)

Unrealized gains and losses on available-for-sale securities, net of reclassification adjustments and tax

(2,980

)

—

(2,980

)

(11,916

)

(24

)

(11,940

)

Unrealized gains and losses for cash flow hedge positions, net of reclassification adjustments and tax

(175

)

308

133

(38

)

19

(19

)

Foreign currency translation adjustment

173

2,350

2,523

(3,043

)

(3,108

)

(6,151

)

Total comprehensive loss

(101,874

)

12,543

(89,331

)

(121,045

)

(3,690

)

(124,735

)

Stock-based compensation expense

5,016

—

5,016

5,756

—

5,756

Impact from equity transactions of subsidiaries and other

14,366

6,212

20,578

36,069

(11,860

)

24,209

Repurchase of common stock

(1,425

)

—

(1,425

)

(480

)

—

(480

)

Balance, July 31

$

329,091

$

91,634

$

420,725

$

342,786

$

71,686

$

414,472