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,
---------------------- ----------------------
1997 1996 1997 1996
---------- ---------- ---------- ----------
Common stock:
Weighted average common
shares outstanding:
Class A shares 17,544,924 17,415,385 17,513,539 17,420,532
Class B shares 4,815,289 4,836,998 4,815,289 4,839,289
---------- ---------- ---------- ----------
22,360,213 22,252,383 22,328,828 22,259,821
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) 1,472,738 - 1,558,479 863,052
---------- ---------- ---------- ----------
Totals 23,832,951 22,252,383 23,887,307 23,122,873
========== ========= ========= ==========
Net earnings (loss) $ 1,146,406 $ (775,823) $ 387,084 $ 1,062
========== ========= ========= ==========
Earnings (loss) per common
and common equivalent share $ .05 $ (.03) $ .02 $ -
========== ========= ========= ==========
15