EXHIBIT 11.1 PREMIERE TECHNOLOGIES, INC. AND SUBSIDIARIES STATEMENT RE COMPUTATION OF NET INCOME (LOSS) PER SHARE FOR THE THREE AND SIX MONTH PERIODS ENDED JUNE 30, 1998 AND 1997 (IN THOUSANDS, EXCEPT PER SHARE DATA) FOR THE THREE MONTH PERIOD ENDED JUNE 30, --------------------------------------------------------------- 1998 1997 ------------------------------- ----------------------------- NET NET NET WEIGHTED INCOME NET WEIGHTED INCOME INCOME AVERAGE (LOSS) INCOME AVERAGE (LOSS) (LOSS) SHARES PER SHARE (LOSS) SHARES PER SHARE -------- -------- --------- -------- -------- --------- Basic net income (loss).......... $ (4,878) 46,243 $ (0.11) $(27,285) 42,475 $(0.64) ======== ====== ======= ======== ======= ====== Dilutive Securities Stock options................... -- -- -- -- -- -- Convertible subordinated notes.. -- -- -- -- -- -- -------- ------ ------- -------- ------- ------ Diluted net income (loss)........ $ (4,878) 46,243 $ (0.11) $(27,285) 42,475 $(0.64) ======== ====== ======= ======== ======= ====== FOR THE SIX MONTH PERIOD ENDED JUNE 30, --------------------------------------------------------------- 1998 1997 ------------------------------- ----------------------------- NET NET NET WEIGHTED INCOME NET WEIGHTED INCOME INCOME AVERAGE (LOSS) INCOME AVERAGE (LOSS) (LOSS) SHARES PER SHARE (LOSS) SHARES PER SHARE -------- -------- --------- -------- -------- --------- Basic net income (loss).......... $(14,966) 45,614 $ (0.33) $(17,018) 42,399 $(0.40) ======== ====== ======= ======== ======= ====== Dilutive Securities Stock options................... -- -- -- -- -- -- Convertible subordinated notes.. -- -- -- -- -- -- -------- ------ ------- -------- ------- ------ Diluted net income (loss)........ $(14,966) 45,614 $ (0.33) $(17,018) 42,399 $(0.40) ======== ====== ======= ======== ======= ======