1 MACROMEDIA, INC. AND SUBSIDIARIES EXHIBIT 11.01 COMPUTATION OF NET INCOME (LOSS) PER SHARE (In thousands, except per share data) Three Months Ended Six Months Ended September 30, September 30, ---------------------- ----------------------- 1997 1996 1997 1996 -------- -------- -------- -------- Net income (loss) $ 313 $ 4,610 $ (926) $ 11,730 ======== ======== ======== ======== Weighted average number of common shares outstanding 38,082 36,717 37,975 36,622 Number of common stock equivalents as a result of stock options outstanding 2,154 3,296 0 4,026 -------- -------- -------- -------- Total 40,236 40,013 37,975 40,648 ======== ======== ======== ======== Net income (loss) per common stock and common stock equivalent $ 0.01 $ 0.12 $ (0.02) $ 0.29 ======== ======== ======== ========