EXHIBIT 11. 1 AMERICAN SOFTWARE, INC. AND SUBSIDIARIES STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (LOSS) Year ended April 30, ------------------------------------------ 1997 1996 1995 ------------------------------------------ Common shares: Weighted average common shares outstanding: Class A shares............................. 18,535,593 17,423,093 17,477,410 Class B shares............................. 4,819,501 4,838,689 4,840,489 ---------- ---------- ---------- Totals...................................... 23,355,094 22,261,782 22,317,899 ========== ========== ========== Net earnings (loss) $ 2,331,854 $(9,749,337) $(6,689,162) =========== =========== =========== Net earnings (loss) per common and common equivalent share $ .10 $ (.44) $ (.30) =========== =========== ===========