EXHIBIT 11
PERITUS SOFTWARE SERVICES, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE AND UNAUDITED PRO FORMA NET LOSS PER
SHARE
Year ended
December 31,
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1997 1996 1995
Net income (loss), as reported $(66,910,000) $(4,921,000) $ 55,000
Redeemable stock preference items:
Accrual of cumulative dividends on Series A and Series B
redeemable convertible preferred stock (675,000) (689,000) -
Accretion to redemption value of Series A and Series B
redeemable convertible preferred stock - (347,000) -
Accretion to redemption value of redeemable common stock
right (57,000) (66,000) -
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Total redeemable stock preference items (732,000) (1,102,000) -
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Net income (loss) available to common stockholders (67,642,000) (6,023,000) 55,000
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Basic weighted average common stock outstanding 9,708,000 5,876,000 5,078,000
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Basic net income (loss) per share $ (6.97) $ (1.02) $ 0.01
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Diluted weighted average shares outstanding:
a. shares attributable to common stock outstanding 9,708,000 5,876,000 5,078,000
b. shares attributable to common stock options and warrants - - 1,378,000
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9,708,000 5,876,000 6,456,000
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Diluted net income (loss) per share $ (6.97) $ (1.02) $ 0.01
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Net loss $ (66,910,000) $(4,921,000)
Unaudited pro forma basic and diluted weighted average shares outstanding:
a. shares attributable to common stock outstanding 9,708,000 5,876,000
b. shares attributable to common stock options and warrants - -
c. shares attributable to redeemable convertible preferred stock 1,866,000 1,518,000
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11,574,000 7,394,000
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Unaudited pro forma basic and diluted net loss per share $ (5.78) $ (0.67)
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