Integral Systems (ISYS) 10-Q 2007 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,
	2007		2006		2007		2006
Numerator:
Net Income	$	2,141,775		3,543,656	$	4,200,777	$	6,614,110
Denominator:
Denominator for basic earnings per share-weighted-average shares		11,105,575		10,874,278		11,082,524		10,772,462
Effect of dilutive securities:
Employee stock options		36,163		159,407		51,209		124,918
Denominator for diluted earnings per share adjusted weighted-average shares and assumed conversions		11,141,738		11,033,685		11,133,733		10,897,380
Basic earnings per share	$	0.19	$	0.33	$	0.38	$	0.61
Diluted earnings per share	$	0.19	$	0.32	$	0.38	$	0.61