<PAGE>   1
                                                                      EXHIBIT 11



             DAISYTEK INTERNATIONAL CORPORATION AND SUBSIDIARIES
                                      
                                      
               STATEMENTS RE: COMPUTATION OF EARNINGS PER SHARE
                    (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                      

<TABLE>
<CAPTION>

                                            Three Months Ended       Six Months Ended
                                              September 30,           September 30,  
                                            ------------------       ----------------
                                                                                     
                                              1996     1995           1996     1995  
                                             ------   ------         ------   ------ 
<S>                                          <C>      <C>            <C>      <C>    
Net income                                   $2,955   $2,616         $5,996   $4,884 
                                             ======   ======         ======   ====== 
                                                                                     
Weighted average common shares                                                       
   outstanding                                                                       
                                              6,921    6,733          6,915    6,731 
                                             ======   ======         ======   ====== 
                                                                                     
Net income per common share                  $ 0.43   $ 0.39         $ 0.87   $ 0.73 
                                             ======   ======         ======   ====== 
                                                                                     
                                                                                     
Calculation of weighted average common                                               
   shares outstanding:                                                               
                                                                                     
Weighted average of common stock                                                     
   outstanding                                                                       
                                              6,454    6,294          6,435    6,282 
                                                                                     
Weighted average common stock options,                                               
   utilizing the treasury stock method (1)      467      439            480      449 
                                             ------   ------         ------   ------ 
                                                                                     
                                                                                     
                                              6,921    6,733          6,915    6,731 
                                             ======   ======         ======   ====== 
</TABLE>                                        
                                                


(1)      Utilizing the weighted average stock price of $40.17 and $40.01 per
         share for the three and six months ended September 30, 1996,
         respectively, and the weighted average stock price of $24.96 and
         $23.14 per share for the three and six months ended September 30,
         1995, respectively.