1 HYPERION SOFTWARE CORPORATION EXHIBIT (11) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) (in thousands, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED DECEMBER 31, DECEMBER 31, 1996 1995 1996 1995 ------------------ ---------------- PRIMARY Weighted average number of common shares outstanding 17,240 16,532 17,150 16,379 Weighted average number of common equivalent shares outstanding 1,269 1,398 1,011 1,531 ------------------ ---------------- 18,509 17,930 18,161 17,910 ================== ================ Net income $ 2,636 $ 1,521 $ 4,677 $ 3,737 ================== ================ Per share amount $ .14 $ .08 $ .26 $ .21 ================== ================ FULLY DILUTED Weighted average number of common shares outstanding 17,240 16,532 17,150 16,379 Weighted average number of common equivalent shares outstanding 1,369 1,398 1,369 1,564 ------------------ ---------------- 18,609 17,930 18,519 17,943 ================== ================ Net income $ 2,636 $ 1,521 $ 4,677 $ 3,737 ================== ================ Per share amount $ .14 $ .08 $ .25 $ .21 ================== ================