EXHIBIT 11
PERIPHONICS CORPORATION
COMPUTATION OF EARNINGS PER COMMON SHARE
(In thousands, except per share data)
Year Ended
May 31,
1997 1996 1995
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NET EARNINGS: $ 12,637 $ 9,215 $ 3,184
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COMPUTATION OF ADJUSTED WEIGHTED AVERAGE
SHARES OUTSTANDING:
Weighted average shares outstanding 13,641 12,890 8,270
Add: Shares assumed to be issued upon conversion of Series A
preferred stock - - 1,246
Add: Shares assumed to be issued upon conversion of preferred
stock issued by subsidiary through exercise of a warrant - 78 78
Add: Effect of stock options outstanding 364 292 184
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Weighted average shares and common equivalent shares used
for primary earnings per common share computation 14,005 13,260 9,778
Add: Effect of additional stock options outstanding for fully
diluted computation - 88 -
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Weighted average shares and common equivalent shares used
for fully diluted earnings per common share computation 14,005 13,348 9,778
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EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE:
PRIMARY: $ 0.90 $ 0.69 $ 0.33
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FULLY DILUTED: $ 0.90 $ 0.69 $ 0.33
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