EXHIBIT 11.1
PERVASIVE SOFTWARE INC.
COMPUTATION OF NET INCOME
PER COMMON AND COMMON EQUIVALENT SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED
SEPTEMBER 30,
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1997 1996
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PRIMARY
Weighted average number of
common shares outstanding 2,126 219
Convertible preferred shares,
as if converted 9,185 9,713
Incremental common shares
attributable to shares issuable
under employee stock plans 2,130 3,367
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Total shares 13,441 13,299
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Net income $ 330 $ 458
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Net income per primary common
and common equivalent share $ 0.02 $ 0.03
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FULLY DILUTED
Weighted average number of
common shares outstanding 2,126 219
Convertible preferred shares,
as if converted 9,185 9,713
Incremental common shares
attributable to shares issuable
under employee stock plans 2,251 3,367
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Total shares 13,562 13,299
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Net income $ 330 $ 458
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Net income per fully diluted
common and common equivalent
share $ 0.02 $ 0.03
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