1 Hyperion Software Corporation Exhibit (11.1) - Statement Re: Computation of Earnings Per Share (in thousands, except per share amounts) YEAR ENDED JUNE 30, 1996 1995 1994 ---------------------------------------- PRIMARY Weighted average number of common shares outstanding 16,622 15,644 15,080 Weighted average number of common equivalent shares outstanding 1,253 1,672 1,504 ---------------------------------------- 17,875 17,316 16,584 ======================================== Net income $ 9,457 $12,139 $ 8,609 ======================================== Per share amount $ .53 $ .70 $ .52 ======================================== FULLY DILUTED Weighted average number of common shares outstanding 16,622 15,644 15,080 Weighted average number of common equivalent shares outstanding 1,311 1,836 1,520 ---------------------------------------- 17,933 17,480 16,600 ======================================== Net income $ 9,457 $12,139 $ 8,609 ======================================== Per share amount $ .53 $ .69 $ .52 ========================================