1 Exhibit 11.01 104 2 Exhibit 11.01 MACROMEDIA, INC. COMPUTATION OF NET INCOME (LOSS) PER SHARE FOR THE YEARS ENDED MARCH 31, 1997, 1996 AND 1995 (IN THOUSANDS, EXCEPT PER SHARE DATA) YEAR ENDED YEAR ENDED YEAR ENDED MARCH 31, 1997 MARCH 31, 1996 MARCH 31, 1995 -------------- -------------- -------------- Net income (loss) $ (5,920) $ 23,002 $ 6,538 Weighted average number of shares outstanding: Common 37,488 34,899 30,362 Number of common stock equivalents as a result of warrants outstanding -- -- 6 Number of common stock equivalents as a result of stock options outstanding -- 4,145 4,046 ======== ======== ======== Total 37,488 39,044 34,414 ======== ======== ======== Net income (loss) per common stock and common stock equivalent share $ (0.16) $ 0.59 $ 0.19 ======== ======== ======== 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. 105