1 Exhibit 11.01 Macromedia, Inc. Computation of Net Income Per Share For the years ended March 31, 1996, 1995 and 1994 (in thousands, except per share data) Year Ended Year Ended Year Ended March 31, 1996 March 31, 1995 March 31, 1994 -------------- -------------- -------------- Net income $23,002 $ 6,538 $ 3,475 ======= ======= ======= Weighted average number of shares outstanding: Common 34,899 30,362 26,068 Number of common stock equivalents as a result of warrants outstanding -- 6 6 Number of common stock equivalents as a result of stock options outstanding 4,145 4,046 3,944 ======= ======= ======= Total 39,044 34,414 30,018 ======= ======= ======= Net income per common stock and common stock equivalent share $ 0.59 $ 0.19 $ 0.12 ======= ======= ======= All income per share amounts and number of shares have been retroactively stated to reflect a two-for-one stock split which became effective October 16, 1995. 110