Statement Regarding Computation of Per Share Earnings--Exhibit 11 Computer Telephone Corp. (In Thousands Except Per Share Data) Year ended March 31 1996 1995 1994 -------------------------------- Primary: Average shares outstanding 9,446 7,830 7,437 Net effect of stock options, if dilutive, based on the treasury stock method using the average market price 1,266 935 347 -------------------------------- Total 10,712 8,765 7,784 ================================ Net income $4,094 $1,472 $ 75 ================================ Net income per share $ .38 $ .17 $ .01 ================================ Fully diluted: Average shares outstanding 9,446 7,830 7,437 Net effect of stock options, if dilutive, based on the treasury stock method using the year-end market price 1,282 1,531 498 -------------------------------- Total 10,728 9,361 7,935 ================================ Net income $4,094 $1,472 $ 75 ================================ Net income per share $ .38 $ .16 $ .01 ================================