Exhibit 11 ---------- COMTECH TELECOMMUNICATIONS CORP. AND SUBSIDIARIES Computation of Earnings (Loss) Income Per Share Years ended July 31, 1997, 1996 and 1995 Year ended July 31, -------------------- 1997 1996 1995 ---------- --------- ---------- Net income (loss) $ 484,000 72,000 (1,502,000) ========== ========= ========== Computation of weighted average number of common and common equivalent shares out- standing during the period: Weighted average number of common shares 2,637,000 2,606,000 2,605,000 Weighted average shares assumed to be issued upon exercise of common stock options 22,000 70,000 - Less treasury stock (55,000) (15,000) (15,000) ---------- --------- ---------- Weighted average number of common and common equivalent shares outstanding during the period 2,604,000 2,661,000 2,590,000 ========== ========= ========== Net income (loss) per share $.19 .03 (.58) ========== ========= ==========