1 Hyperion Software Corporation Exhibit (11) - Statement Re: Computation of Earnings Per Share (Unaudited) (in thousands, except per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED MARCH 31, MARCH 31, 1997 1996 1997 1996 ------------------------ ------------------------ PRIMARY Weighted average number of common shares outstanding 17,496 16,780 17,265 16,513 Weighted average number of common equivalent shares outstanding 1,273 1,162 1,099 1,408 ------------------------ ------------------------ 18,769 17,942 18,364 17,921 ======================== ======================== Net income $ 1,315 $ 369 $ 5,992 $ 4,106 ======================== ======================== Per share amount $ .07 $. 02 $ .33 $ .23 ======================== ======================== FULLY DILUTED Weighted average number of common shares outstanding 17,496 16,780 17,265 16,513 Weighted average number of common equivalent shares outstanding 1,273 1,203 1,199 1,444 ------------------------ ------------------------ 18,769 17,983 18,464 17,957 ======================== ======================== Net income $ 1,315 $ 369 $ 5,992 $ 4,106 ======================== ======================== Per share amount $ .07 $ .02 $ .32 $ .23 ======================== ========================