
<PAGE>   1
                                                                    EXHIBIT 11.1

                                    8x8, Inc.

            STATEMENT OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
                   (in thousands, except per share data)


<TABLE>
<CAPTION>
                                                              Year Ended
                                                               March 31,    
                                                                 1997       
                                                                 ----       
<S>                                                            <C>          
Net loss                                                       $(13,613)     
                                                               --------     
Reconciliation of weighted average number of
shares outstanding to amount used in proforma 
loss per share computation:

Weighted average number of shares                
outstanding                                                      9,922      
                                                                   
Additional shares included in accordance                      
with requirements of the Securities and
Exchange Commission under Staff
Accounting Bulletin 83                                           2,021      
                                                                ------      

Weighted average number of shares                               
outstanding as adjusted                                         11,943      
                                                                ======      

Proforma net loss per share                                     $<1.14>       
                                                                =======     
</TABLE>
