1 Exhibit 11.01 MACROMEDIA, INC. COMPUTATION OF NET INCOME (LOSS) PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended December 31, December 31, 1996 1995 1996 1995 ------- ------- ------- ------- Net income (loss) ($2,359) $ 7,152 $ 9,371 $16,992 ======= ======= ======= ======= Weighted average number of common shares outstanding 37,475 35,213 37,306 33,092 Number of common stock equivalents as a result of stock options outstanding -- 4,440 3,908 4,082 ------- ------- ------- ------- Total 37,475 39,653 41,214 37,174 ======= ======= ======= ======= Net income (loss) per common stock and common stock equivalent ($ 0.06) $ 0.18 $ 0.23 $ 0.46 ======= ======= ======= ======= 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. 16