1 Exhibit 11.1 BUSINESS RESOURCE GROUP COMPUTATION OF NET INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) THREE MONTHS ENDED NINE MONTHS ENDED JULY 31, JULY 31, --------------------- --------------------- 1996 1995 1996 1995 ------ ------ ------ ------ PRIMARY (2) Net income ....................................... $ 419 $1,352 ====== ====== Weighted average shares outstanding- Common shares ................................. 4,847 4,843 Common equivalent shares- Stock options ................................. 67 21 ------ ------ Total common stock and common stock equivalents ............................. 4,914 4,864 ====== ====== Net income per common and common share equivalent ....................... $ .09 $ .28 ====== ====== Pro forma net income ............................. $ 513 $1,215 ====== ====== Weighted average shares outstanding- Pro forma common shares ....................... 3,642 3,273 Pro forma common equivalent shares: Stock options ................................. 136 50 Warrants ...................................... 6 6 Supplemental shares (1) ....................... 166 230 ------ ------ Total pro forma common stock and common stock equivalents ...................... 3,950 3,559 ====== ====== Pro forma net income per common share .............................. $ .13 $ .34 ====== ====== (1) Represents the approximate number of shares that would have to have been sold to fund the distribution of undistributed S Corporation earnings. (2) Presentation of fully diluted net income per share was not provided as amounts were not materially different from primary net income per share.