EXHIBIT 11
PAGE 1 OF 1
THE BISYS GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Six Months Ended
December 31, December 31,
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PRIMARY 1996 1995 1996 1995
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Net earnings attributable to common
stock $ 8,957 $ 6,851 $ 16,623 $ 12,272
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Weighted average number of common
shares outstanding 25,016 23,378 24,931 23,294
Common shares issuable under stock
option plans 3,359 3,081 3,320 2,959
Less shares assumed repurchased with
proceeds (1,981) (1,783) (1,972) (1,702)
Weighted average common and common
equivalent shares outstanding 26,394 24,676 26,279 24,551
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Net earnings per common share $ 0.34 $ 0.28 $ 0.63 $ 0.50
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FULLY - DILUTED
Net earnings attributable to common
stock $ 8,957 $ 6,851 $ 16,623 $ 12,272
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Weighted average number of common
shares outstanding 25,016 23,378 24,931 23,294
Common shares issuable under stock
option plans 3,359 3,081 3,320 2,959
Less shares assumed repurchased with
proceeds (1,981) (1,635) (1,972) (1,468)
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Weighted average common and common
equivalent shares outstanding 26,394 24,824 26,279 24,785
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Net earnings per common share $ 0.34 $ 0.28 $ 0.63 $ 0.50
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