EXHIBIT 11 AMERICAN SOFTWARE, INC. AND SUBSIDIARIES Statement re: computation of Per Share Earnings (Loss) Three Months Ended ---------------------- July 31, ---------------------- 1996 1995 ----------- ---------- Common stock: Weighted average common shares outstanding: Class A shares 17,468,489 17,423,061 Class B shares 4,829,289 4,840,489 ----------- ---------- 22,297,778 22,263,550 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) - 1,127,669 ----------- ---------- Totals 22,297,778 23,391,219 =========== ========== Net earnings (loss) $(1,203,160) $367,962 =========== ========== Earnings (loss) per common and common equivalent share $ (.05) $ .02 ============ ======== 13