1 EXHIBIT 11.01 HNC SOFTWARE INC. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (in thousands, except per share data) THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, --------------------------- ------------------------- 1996 1995 1996 1995 ---- ---- ---- ---- Net Income $ 967 $ 517 $ 1,780 $ 890 ======= ======= ======= ======= Shares (1) Weighted average common shares outstanding 15,365 2,261 15,167 2,119 Weighted average common stock options and warrant as determined by application of the treasury stock method (2) 1,624 1,852 1,703 1,794 Weighted average preferred shares outstanding assuming conversion to common stock -- 8,957 -- 8,957 ------- ------- ------- ------- Weighted average common and common equivalent shares outstanding 16,989 13,070 16,870 12,870 ======= ======= ======= ======= Net income per share of common stock $ 0.06 $ 0.04 $ 0.11 $ 0.07 ======= ======= ======= ======= - ------------------ (1) All share and per share amounts have been adjusted to give retroactive effect to the stock split, which occurred on April 3, 1996. (2) Includes an adjustment for options pursuant to SAB No. 83 using the treasury stock method at the initial public offering price of $14.00 per share for shares issued prior to June 26, 1995.