COMPUTER TELEPHONE 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 30, 1995 1994 1995 1994 ------------- ------------- ------------- ------------- PRIMARY Average shares outstanding 1,191 2,100 1,088 1,267 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 9,482 7,521 9,400 7,509 ----------- ----------- ----------- ----------- Total 10,673 9,621 10,488 8,776 Net income $ 1,175 $ 467 $ 2,813 $ 936 ----------- ----------- ----------- ----------- Net income per share $ 0.11 $ 0.05 $ 0.27 $ 0.11 ----------- ----------- ----------- ----------- FULLY DILUTED Average shares outstanding 1,187 2,430 1,130 1,430 Net effect of stock options, if dilutive based on the treasury stock method using the period-end market price 9,482 7,521 9,400 7,509 ----------- ----------- ----------- ----------- Total 10,669 9,951 10,530 8,939 Net income $ 1,175 $ 467 $ 2,813 $ 936 ----------- ----------- ----------- ----------- Net income per share $ 0.11 $ 0.05 $ 0.27 $ 0.10 ----------- ----------- ----------- ----------- 11 SIGNATURES Pursuant to the requirements of the Securities and 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: February 7, 1996 /S/ Robert J. Fabbricatore ----------------- -------------------------- Robert J. Fabbricatore Chairman and Chief Executive Officer DATE: February 7, 1996 /S/ John D. Pittenger ----------------- --------------------------- John D. Pittenger Treasurer