Exhibit 11
CTC COMMUNICATIONS CORP.
STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT FOR PER SHARE DATA)
Three Months Ended
June 30, June 30,
1997 1996
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PRIMARY
Average shares outstanding 9,757 $ 9,585
Net effect of stock options, if dilutive,
based on the treasury stock method
using the average market price 954 1,396
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Total 10,711 10,981
Net income $ 1,374 $ 1,194
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Net income per share $ 0.13 0.11
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FULLY DILUTED
Average shares outstanding 9,757 $ 9,585
Net effect of stock options, if dilutive,
based on the treasury stock method
using the period-end market price 1,056 1,396
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Total 10,813 10,981
Net income $ 1,374 $ 1,194
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Net income per share $ 0.13 0.11
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