EXHIBIT 11.1 INTERNATIONAL NETWORK SERVICES CALCULATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA) YEAR ENDED JUNE 30, ------------------------- 1994 1995 1996 ------- ------- ------- Weighted average common shares outstanding........... 6,832 8,010 8,394 Weighted average common equivalent shares from Mandatorily Redeemable Convertible Preferred Stock and warrants, calculated using the if-converted and the treasury stock method........................... 10,016 16,531 16,793 Weighted average common equivalent shares from stock options and warrants calculated using the treasury stock method........................................ -- 2,349 2,898 Common equivalent shares from common shares issued and stock options granted within twelve months of the initial public offering, included pursuant to Staff Accounting Bulletin No. 83.................... 2,634 2,634 2,634 ------- ------- ------- Shares used to compute net income (loss) per share... 19,480 29,523 30,719 ======= ======= ======= Net income (loss).................................... $(1,394) $ 775 $ 2,877 ======= ======= ======= Net income (loss) per share.......................... $ (0.07) $ .03 $ .09 ======= ======= ======= Net income (loss) attributable to Common Stock....... $(1,797) $ (108) $ 1,742 ======= ======= ======= Net income (loss) attributable to Common Stock per share............................................... $ (0.09) $ -- $ 0.06 ======= ======= ======= Shares used to compute net income (loss) attributable to Common Stock per share........................... 19,480 27,173 30,719 ======= ======= =======