Exhibit 11
CTC COMMUNICATIONS CORP.
STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT FOR PER SHARE DATA)
Three Months Ended Six Months Ended
September 30, September 30, September 30, September 30,
1996 1995 1996 1995
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PRIMARY
Average shares outstanding 9,601 9,368 9,593 9,359
Net effect of stock options, if dilutive,
based on the treasury stock method
using the average market price 1,221 1,153 1,308 1,037
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Total 10,822 10,521 10,901 10,396
Net income $ 1,049 $ 949 $ 2,243 $ 1,638
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Net income per share $ 0.10 $ 0.09 $ 0.21 $ 0.16
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FULLY DILUTED
Average shares outstanding 9,601 9,368 9,593 9,359
Net effect of stock options, if dilutive,
based on the treasury stock method
using the period-end market price 1,267 1,208 1,332 1,101
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Total 10,868 10,576 10,925 10,460
Net income $ 1,049 $ 949 $ 2,243 $ 1,638
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Net income per share $ 0.10 $ 0.09 $ 0.21 $ 0.16
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