ADOBE SYSTEMS INCORPORATED EXHIBIT 11 COMPUTATION OF EARNINGS PER COMMON SHARE (In thousands, except per share data) Quarters Ended ------------------------ March 3 February 25 1995 1994 ---------- ---------- Net income $ 34,350 $ 19,093 ---------- ---------- ---------- ---------- Primary shares outstanding: Weighted average shares outstanding during the period 61,562 58,844 Common stock equivalent shares 2,481 2,445 ---------- ---------- 64,043 61,289 ---------- ---------- ---------- ---------- Fully diluted shares outstanding: Weighted average shares outstanding during the period 61,562 58,844 Common stock equivalent shares 2,929 2,849 ---------- ---------- 64,491 61,693 ---------- ---------- ---------- ---------- Primary net income per common stock and common stock equivalent share $ .54 $ .31 ---------- ---------- ---------- ---------- Fully diluted net income per common stock and common stock equivalent share $ .53 $ .31 ---------- ---------- ---------- ---------- 37