UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q/A

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 1996

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________________ to ______________

Commission File No.:  0-25592

                             PERIPHONICS CORPORATION
             (exact name of registrant as specified in its charter)

            Delaware                                    11-2699509
(State or other jurisdiction of                      (I.R.S. Employer
 incorporation or organization)                    Identification No.)

             4000 Veterans Memorial Highway, Bohemia, New York 11716
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (516) 468-9000

     Check whether the registrant (1) has filed all reports required to be filed
by  Section  13 or 15(d)  of the  Securities  Exchange  Act of 1934  during  the
preceding 12 months (or for such shorter period that the registrant was required
to file such  reports(s),  and (2) has been subject to such filing  requirements
for the past 90 days. Yes [X] No [ ]

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest practicable date:  January 10, 1997.

      Class of                                              Number of
   Common Equity                                            Shares

   Common Stock,                                           13,645,288
   par value $.01



<PAGE>


                    PERIPHONICS CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                 (In thousands, except share and per share data)

<TABLE>
<CAPTION>

                                                                                    November 30, 1996          May 31, 1996
                                                                                       (Unaudited)               (Audited)
<S>                                                                                        <C>                      <C>   


ASSETS
CURRENT ASSETS:
  Cash and cash equivalents............................................                  $  16,479              $  18,664
  Short-term investments...............................................                      5,313                  8,603
  Accounts receivable, less allowance for doubtful accounts of
    $890 and $750 respectively . . . . . . . . . . ....................                     32,736                 23,829
  Inventories..........................................................                     12,150                 11,097
  Deferred income taxes................................................                      1,151                  1,261
  Prepaid expenses and other current assets............................                        938                    935
                                                                                         ---------              ---------
      TOTAL CURRENT ASSETS.............................................                     68,767                 64,389

PROPERTY, PLANT AND EQUIPMENT, net.....................................                     12,775                 10,426
OTHER ASSETS...........................................................                        283                    288
                                                                                         ---------              ---------
                                                                                         $  81,825              $  75,103
                                                                                         =========              =========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Accounts payable.....................................................                  $   6,073              $   4,247
  Accrued expenses and other current liabilities.......................                     11,292                 11,666
                                                                                         ---------              ---------
      TOTAL CURRENT LIABILITIES........................................                     17,365                 15,913
DEFERRED INCOME TAXES..................................................                        140                    409
                                                                                         ---------              ---------
                                                                                            17,505                 16,322
                                                                                         ---------              ---------
STOCKHOLDERS' EQUITY
 Preferred Stock, par value $.01 per share,  1,000,000  authorized,  none issued
 Common stock, par value $.01 per share, 30,000,000 shares authorized
   13,627,132 shares outstanding as of November 30, 1996
   13,598,164 shares outstanding as of May 31, 1996....................                        136                    136
   Additional Paid-in Capital..........................................                     41,955                 41,770
   Retained Earnings...................................................                     22,229                 16,875
                                                                                         ---------              ---------
                                                                                            64,320                 58,781
                                                                                         ---------              ---------
                                                                                         $  81,825              $  75,103
                                                                                         =========              =========
</TABLE>

                                        

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                          PERIPHONICS CORPORATION
                                          Registrant



                                    By:   \s\ Peter J. Cohen
                                          -------------------------------- 
                                          Peter J. Cohen
                                          Chairman of the Board, President
                                          and Chief Executive Officer
                                          (Principal Operating Officer)


                                    By:   \s\ Kevin J. O'Brien
                                          --------------------------------
                                          Kevin J. O'Brien
                                          Vice President-Finance and
                                          Administration (Principal
                                          Accounting Officer), Secretary



Dated:  January 14, 1997