<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MCDERMOTT INTERNATIONAL'S MARCH 31, 1998 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> MAR-31-1997 MAR-31-1996 <PERIOD-END> MAR-31-1997 MAR-31-1996 <CASH> 257,783 238,663 <SECURITIES> 75,946 0 <RECEIVABLES> 654,065 555,912 <ALLOWANCES> 106,983 98,863 <INVENTORY> 392,834 534,857 <CURRENT-ASSETS> 1,834,327 1,724,538 <PP&E> 1,764,300 1,890,103 <DEPRECIATION> 1,164,555 1,199,416 <TOTAL-ASSETS> 4,599,482 4,387,251 <CURRENT-LIABILITIES> 1,608,756 1,392,552 <BONDS> 667,174 576,256 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 2,875 2,875 <COMMON> 54,937 54,436 <OTHER-SE> 379,189 627,209 <TOTAL-LIABILITY-AND-EQUITY> 4,599,482 4,387,251 <SALES> 3,150,850 3,244,318 <TOTAL-REVENUES> 3,150,850 3,244,318 <CGS> 3,293,471 3,249,020 <TOTAL-COSTS> 3,293,471 3,249,020 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 95,100 84,312 <INCOME-PRETAX> (220,697) 21,704 <INCOME-TAX> (14,592) 1,079 <INCOME-CONTINUING> (206,105) 20,625 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (206,105) 20,625 <EPS-PRIMARY> (3.95) 0.23 <EPS-DILUTED> (3.95) 0.23