1 MACROMEDIA, INC. COMPUTATION OF NET (LOSS) INCOME PER SHARE (In thousands, except per share data) Three Months Ended June 30, 1997 1996 ------- ------ Net (loss) income ($1,239) $7,120 ======= ====== Weighted average number of common shares outstanding 37,866 36,527 Number of common stock equivalents as a result of stock options outstanding 0 4,045 ======= ====== Total 37,866 40,572 ======= ====== Net (loss) income per common stock and common stock equivalents ($0.03) $0.18 ======= ====== 15