1 Exhibit 11.01 MACROMEDIA, INC. COMPUTATION OF NET INCOME PER SHARE (In thousands, except per share data) Three Months Ended Six Months Ended September 30, September 30, 1996 1995 1996 1995 ------- ------- ------- ------- Net income $ 4,610 $ 5,417 $11,730 $ 9,839 ======= ======= ======= ======= Weighted average number of common shares outstanding 36,717 33,426 36,622 32,370 Number of common stock equivalents as a result of stock options outstanding 3,296 3,890 4,026 3,796 ------- ------- ------- ------- Total 40,013 37,316 40,648 36,166 ======= ======= ======= ======= Net income per common stock and common stock equivalent $ 0.12 $ 0.15 $ 0.29 $ 0.27 ======= ======= ======= ======= All net income per share amounts and numbers of shares have been retroactively restated to reflect a two-for-one stock split which became effective October 16, 1995. 34