Exhibit 11 COMPUTER TELEPHONE CORP STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS EXCEPT FOR PER SHARE DATA) THREE MONTHS ENDED June 30, June 30, 1995 1994 -------- -------- PRIMARY Average shares outstanding 3,116 2,499 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 307 244 ------------- ------------- Total 3,423 2,743 Net income $ 689 $ 137 ------------- ------------- Net income p $ 0.20 $ 0.05 ------------- ------------- FULLY DILUTED Average shares outstanding 3,116 2,499 Net effect of stock options, if dilutive, based on the treasury stock method using the period-end market price 332 263 ------------ ------------ Total 3,448 2,762 Net income $ 689 $ 137 ------------- ------------- Net income per share $ 0.20 $ 0.05 ------------- ------------- 9 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned thereunto duly authorized. COMPUTER TELEPHONE CORP. Date: July 28, 1995 /S/ ROBERT FABBRICATORE -------------------------- --------------------------- Robert Fabbricatore Chairman and President Date: July 28, 1995 /S/ JOHN D. PITTENGER -------------------------- --------------------------- John D. Pittenger Treasurer 10