Exhibit 11.1 International Network Services Statement of Computation of Net Income Per Share Exhibit 11.1 (in thousands, except per share data) For the Year Ended June 30, --------------------------------------- 1997 1996 1995 ---- ---- ---- Weighted average common shares outstanding 26,983 8,394 8,010 Weighted average common equivalent shares from Mandatorily Redeemable Convertible Preferred Stock and warrants calculated using the if-converted and treasury stock methods 3,697 16,785 16,530 Weighted average common equivalent shares from stock options and warrants calculated using the treasury stock method 1,911 2,906 2,349 Common equivalent shares from common shares issued and stock options granted within twelve months of the initial public offering, included pursuant to Staff Accounting Bulletin No. 83 572 2,634 2,634 --------------------------------------- Shares used to compute net income per share 33,163 30,719 29,523 ======================================= Net income $ 7,882 $ 2,877 $ 775 Net income per share $ 0.24 $ 0.09 $ 0.03