EXHIBIT 11
AMERICAN SOFTWARE, INC. AND SUBSIDIARIES
Statement re: computation of Per Share Earnings
Three Months Ended Nine Months Ended
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January 31, January 31,
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1998 1997 1998 1997
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Common stock:
Weighted average common
shares outstanding:
Class A shares 17,887,703 17,544,924 17,811,201 17,513,539
Class B shares 4,798,289 4,815,289 4,806,617 4,815,289
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Basic weighted average common
shares outstanding 22,685,992 22,360,213 22,617,818 22,328,828
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) 1,798,806 1,472,738 1,996,333 1,558,479
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Diluted weighted average common
shares outstanding for
earnings per share - 24,484,798 23,832,951 24,614,151 23,887,307
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Net earnings $ 1,868,750 $ 1,146,406 $ 5,220,947 $ 387,084
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Basic net earnings per common share $ .08 $ .05 $ .23 $ .02
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Diluted net earnings per common share $ .08 $ .05 $ .21 $ .02
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