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…Fourth Quarter Earnings Per Share (Diluted) Of $0.41 Vs.$0.30; Fourth
Quarter Sales Up 37%, Net Income Up 48% To Record Levels…

Comverse Technology, Inc. (NASDAQ:CMVT) announced for the fourth quarter
of fiscal year 2000, ended January 31, 2001, net income growth of 48%, to
a record $76,865,000 ($0.41 per diluted share), compared with $51,897,000
($0.30 per diluted share) for the fourth quarter of fiscal 1999.

The company posted record sales of $346,553,000 for the fourth quarter of
fiscal 2000, an increase of 37% over the fourth quarter of fiscal 1999.

For fiscal year 2000, ended January 31, 2001, net income was $263,974,000,
or $1.47 per diluted share (excluding one-time acquisition charges, net of
tax, of $14,838,000, or $0.08 per diluted share), an increase of 51% over
the net income, excluding one-time acquisition charges, of fiscal 1999.
Sales for fiscal 2000 were $1,225,058,000, an increase of 35% over fiscal

Kobi Alexander, Chairman and CEO of Comverse Technology, stated, "Our
fourth quarter results reflect our leadership position in our major
markets. More than 360 wireless and wireline telecommunications network
operators have selected Comverse's enhanced services systems and software,
which enable the provision of revenue-generating value-added services
including call answering, wireless data and Internet-based information
services, prepaid wireless services, Internet-based unified messaging
(voice, fax, and email in a single mailbox), one-touch call return,
voice-controlled web portal and other speech recognition-based services,
and additional personal communication services. In addition, our Comverse
Infosys division continues to benefit primarily from the use of monitoring
and customer relationship management tools to improve customer
satisfaction and overall quality for contact centers, and our Ulticom
division continues to benefit from the growth in intelligent network
services, as well as the convergence of circuit and packet communications

The company ended the quarter with cash and cash equivalents, bank time
deposits and short-term investments of $1,735,840,000, working capital of
$1,860,379,000, total assets of $2,625,264,000 and stockholders' equity of
$1,236,165,000, all of which represent record levels.

Conference Call Information

A conference call to discuss the company's results will be conducted
Tuesday, March 13, 2001, at 5:00pm EST. Participants should dial (904)
779-4767. The call will be available via replay for 72 hours, at (402)
220-2491, access code 8314147.

About Comverse Technology, Inc.

Comverse Technology, Inc., headquartered in Woodbury, New York, is the
world's leading provider of software and systems enabling network-based
multimedia enhanced communications services, with over 360 customers in
more than 100 countries. Comverse provides a wide range of solutions
enabling 3G-ready multimedia messaging, multi-protocol mobile Internet
platforms, wireless data and short messaging services, speech-controlled
portal, wireless prepaid services, interactive voice response and other
personal communications services. Other Comverse Technology business units
include Comverse Infosys, which provides multiple channel, multimedia
digital recording, logging, and quality monitoring systems marketed to
contact centers, facilities, and law enforcement agencies; and Ulticom, a
leading provider of network signaling software for wireless, wireline, and
Internet communications services. Comverse Technology is an S&P 500 and
NASDAQ-100 Index company. For additional information, visit the Comverse
Technology web site at

Note: This release may contain forward-looking statements that involve
risks and uncertainties. There can be no assurances that forward-looking
statements will be achieved, and actual results could differ materially
from forecasts and estimates. Important factors that could cause actual
results to differ materially include: changes in the demand for the
company's products; changes in capital spending among the company's
current and prospective customers; the risks associated with the sale of
large, complex, high capacity systems and with new product introductions
as well as the uncertainty of customer acceptance of these new or enhanced
products from either the company or its competition; risks associated with
rapidly changing technology and the ability of the company to introduce
new products on a timely and cost-effective basis; risks associated with
changes in the competitive or regulatory environment in which the company
operates; risks associated with significant foreign operations and
international sales, including fluctuations in foreign currency exchange
rates and interest rates; the volatility of macroeconomic and industry
conditions and the international marketplace; risks associated with the
company's ability to retain existing personnel and recruit and retain
qualified personnel; and other risks described in filings with the
Securities and Exchange Commission. These risks and uncertainties, as
well as others, are discussed in greater detail in the filings of the
company with the Securities and Exchange Commission, including its most
recent Annual Report on Form 10-K and its subsequent Quarterly Reports on
Form 10-Q. The company makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances
after the date any such statement is made.

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