Exhibit 11.1
IFX CORPORATION AND SUBSIDIARIES
Computation of Earnings Per Common Share
as Restated for the One-for-Five Reverse Split of Common Stock
- Basic Earnings Per Share Computation
Three Months Ended
March 31, 1999 March 31, 1998
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Earnings:
Net income $ 494,000 $ 764,700
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Shares:
Weighted average number of common
shares outstanding 6,655,539 6,278,584
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Earnings per common share:
Net income $ .07 $ .12
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Nine Months Ended
March 31, 1999 March 31, 1998
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Earnings:
Net income $1,966,200 $2,425,800
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Shares:
Weighted average number of common
shares outstanding 6,390,940 6,277,627
========== ==========
Earnings per common share:
Net income $ .31 $ .39
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IFX CORPORATION AND SUBSIDIARIES
Computation of Earnings Per Common Share
as Restated for the One-for-Five Reverse Split of Common Stock
- Diluted Earnings Per Share Computation
Three Months Ended
March 31, 1999 March 31, 1998
-------------- --------------
Earnings:
Net income $ 494,000 $ 764,700
========== ==========
Shares:
Weighted average number of common
shares outstanding 11,138,702 6,278,584
========== ==========
Earnings per common share:
Net income $ .04 $ .12
========== ==========
Nine Months Ended
March 31, 1999 March 31, 1998
-------------- --------------
Earnings:
Net income $1,966,200 $2,425,800
========== ==========
Shares:
Weighted average number of common
shares outstanding 8,180,435 6,277,627
========== ==========
Earnings per common share:
Net income $ .24 $ .39
========== ==========