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EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
COVANSYS CORPORATION AND SUBSIDIARIES
PRO FORMA OR ACTUAL NET INCOME PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
| THREE MONTHS ENDED | ||||||||
| MARCH 31, | ||||||||
| 2001 | 2002 | |||||||
| Weighted average number of shares of Common Stock outstanding | 29,233 | 28,101 | ||||||
| Common Stock equivalents calculated using the weighted average stock price per share for the periods presented | — | 8,741 | ||||||
| Weighted average shares outstanding | 29,233 | 36,842 | ||||||
| Net income (loss) | (3,003 | ) | 431 | |||||
| Net income (loss) per common share | (0.11 | ) | 0.01 | |||||