Exhibit 11
CTC COMMUNICATIONS CORP.
STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT FOR PER SHARE DATA)
Three Months Ended Nine Months Ended
December 31, December 31, December 31, December 31,
1996 1995 1996 1995
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PRIMARY
Average shares outstanding 9,608 9,482 9,598 9,400
Net effect of stock options, if dilutive,
based on the treasury stock method
using the average market price 1,098 1,191 1,238 1,088
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Total 10,706 10,673 10,836 10,488
Net income $ 1,159 $ 1,175 $ 3,402 $ 2,813
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Net income per share $ 0.11 $ 0.11 $ 0.31 $ 0.27
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FULLY DILUTED
Average shares outstanding 9,608 9,482 9,598 9,400
Net effect of stock options, if dilutive,
based on the treasury stock method
using the period-end market price 1,098 1,191 1,254 1,130
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Total 10,706 10,673 10,852 10,530
Net income $ 1,159 $ 1,175 $ 3,402 $ 2,813
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Net income per share $ 0.11 $ 0.11 $ 0.31 $ 0.27
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