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EXHIBIT 11
INTELLIGROUP, INC. AND SUBSIDIARY
COMPUTATION OF PER SHARE EARNINGS
SIX MONTHS ENDED
YEARS ENDED DECEMBER 31, JUNE 30,
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1994 1995 1995 1996
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Net income (loss)..................... $ (437,000) $(1,059,000) $(1,012,000) $ 495,000
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Weighted average shares
outstanding......................... 12,203,000 12,203,000 12,203,000 10,379,000
Incremental shares considered
outstanding (1)..................... 1,534,000 1,534,000 1,534,000 1,534,000
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Shares used in per share
calculation......................... 13,737,000 13,737,000 13,737,000 11,913,000
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Net income (loss) per share........... $ (0.03) $ (0.08) $ (0.07) $ 0.04
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(1) Pursuant to the requirements of the Securities and Exchange Commission,
stock options and warrants issued by the Company during the twelve months
immediately preceding the initial public offering have been included in
computing net income (loss) per share as if they were outstanding for all
periods using the treasury stock method.