EXHIBIT 11.2
UNISYS CORPORATION
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED JUNE 30, 1998 AND 1997
(UNAUDITED)
(Millions, except share data)
1998 1997
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Basic Earnings Per Common Share
Net income $ 90.1 $ 41.9
Less dividends on preferred shares ( 26.6) ( 27.8)
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Net income available to common stockholders $ 63.5 $ 14.1
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Weighted average shares 251,133,830 173,229,674
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Basic earnings per share $ .25 $ .08
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Diluted Earnings Per Common Share
Net income available to common stockholders $ 63.5 $ 14.1
Plus impact of assumed conversions
Interest expense on 8 1/4% Convertible Notes
due 2006, net of tax .4
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Net income available to common
stockholders plus assumed conversions $ 63.9 $ 14.1
=========== ===========
Weighted average shares 251,133,830 173,229,674
Plus incremental shares from assumed
conversions
Employee stock plans 11,317,508 1,848,189
8 1/4% Convertible Notes due 2006 4,021,429
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Adjusted weighted average shares 266,472,767 175,077,863
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Diluted earnings per share $ .24 $ .08
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The average shares listed below were not
included in the computation of diluted
earnings per share because to do so would
have been antidilutive for the periods
presented.
8 1/4% convertible notes due 2006 43,490,909
8 1/4% convertible notes due 2000 33,697,387
Series A preferred stock 47,449,993 47,454,036