EXHIBIT 11 C.I.S. TECHNOLOGIES, INC. AND SUBSIDIARIES Computation of Per Share Earnings Three months Three months ended ended March 31, March 31, 1995 1994 --------- ---------- Common shares outstanding 32,477,888 26,864,120 Effect of using weighted average common and common equivalent shares outstanding - (6,765) Effect of shares issuable under stock option plans based on the treasury stock method 17,789 31,088 ---------- ---------- Shares used in computing primary and fully-diluted earnings per share 32,495,677 26,888,443 ========== ========== 12