EXHIBIT 11--COMPUTATIONS OF EARNINGS PER SHARE
GTECH HOLDINGS CORPORATION AND SUBSIDIARIES
Three Months Ended
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May 25, May 27,
1996 1995
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Primary: (1)
Net income .................................. $ 18,203,000 $ 18,310,000
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Weighted average common shares outstanding .. 43,086,000 43,321,000
Net effect of dilutive stock options--based
on the treasury stock method using the
average market price for the period ....... 341,000 163,000
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Totals ...................................... 43,427,000 43,484,000
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Earnings per common share ................... $ .42 $ .42
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Fully diluted: (1)
Net income .................................. $ 18,203,000 $ 18,310,000
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Weighted average common shares outstanding .. 43,086,000 43,321,000
Net effect of dilutive stock options--based
on the treasury stock method using the
quarter-end market price which is higher
than the average market price ............. 432,000 217,000
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Totals ...................................... 43,518,000 43,538,000
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Earnings per common share ................... $ .42 $ .42
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(1) The primary and fully diluted earnings per share were not presented on the
face of the Consolidated Income Statements because the resulting amounts
were not materially dilutive.