EXHIBIT 11 AMERICAN SOFTWARE, INC. AND SUBSIDIARIES Statement re: computation of Per Share Earnings (Loss) Three Months Ended Nine Months Ended ---------------------------- ---------------------------- January 31, January 31, ---------------------------- ---------------------------- 1996 1995 1996 1995 ------------ ------------ ----------- ----------- Common stock: Weighted average common shares outstanding: Class A shares 17,415,385 17,506,022 17,420,532 17,483,772 Class B shares 4,836,998 4,840,489 4,839,289 4,840,489 ------------ ------------ ----------- ----------- 22,252,383 22,346,511 22,259,821 22,324,261 Dilutive effect of outstanding Class A common stock options (as determined by the application of the treasury stock method using the average market price for the period) - - 863,052 - ------------ ------------ ----------- ----------- Totals 22,252,383 22,346,511 23,122,873 22,324,261 ============ ============ =========== =========== Net earnings (loss) $ (775,823) $ (992,181) $ 1,062 $(6,850,822) ============ ============ =========== =========== Earnings (loss) per common and common equivalent share $ (.03) $ (.04) $ - $ (.31) ============ ============ =========== ===========