1 Hyperion Software Corporation Exhibit (11.1) - Statement Re: Computation of Earnings Per Share (in thousands, except per share amounts) YEAR ENDED JUNE 30, 1997 1996 1995 ----------------------------------- PRIMARY Weighted average number of common shares outstanding 17,412 16,622 15,644 Weighted average number of common equivalent shares outstanding 1,043 1,253 1,672 ----------------------------------- 18,455 17,875 17,316 =================================== Net income $11,878 $9,457 $12,139 =================================== Per share amount $ .64 $ .53 $ .70 =================================== FULLY DILUTED Weighted average number of common shares outstanding 17,412 16,622 15,644 Weighted average number of common equivalent shares outstanding 1,286 1,311 1,836 ----------------------------------- 18,698 17,933 17,480 =================================== Net income $11,878 $9,457 $12,139 =================================== Per share amount $ .64 $ .53 $ .69 ===================================