Integral Systems (ISYS) 10-Q 2005 Q3 Quarterly report

Exhibit 11.1

INTEGRAL SYSTEMS INC. AND SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended March 31,				Six Months Ended March 31,
	2005		2004		2005		2004
Numerator:
Net Income	$	2,049,470	$	1,780,235	$	3,234,857	$	2,954,046
Denominator:
Denominator for basic earnings per share-weighted-average shares		10,258,510		9,955,794		10,151,819		9,843,386
Effect of dilutive securities:
Employee stock options		146,600		120,616		137,823		134,430
Denominator for diluted earnings per share adjusted weighted-average shares and assumed conversions		10,405,110		10,076,410		10,289,642		9,977,816
Basic earnings per share	$	0.20	$	0.18	$	0.32	$	0.30
Diluted earnings per share	$	0.20	$	0.18	$	0.31	$	0.30