EXHIBIT 11
AMERICAN SOFTWARE, INC. AND SUBSIDIARIES
Statement re: computation of Per Share Earnings (loss)
(In thousands, except per share amounts)
Three Months Ended
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July 31,
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1998 1997
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Common stock:
Weighted average common
shares outstanding:
Class A shares 17,942 17,710
Class B shares 4,797 4,815
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Basic weighted average common
shares outstanding 22,739 22,525
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) 1,174 1,703
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Diluted weighted average common
shares outstanding for
earnings per share - $23,912 $24,229
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Net earnings (loss) $(5,406) $ 1,349
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Basic net earnings(loss) per common share $ (.24) $ .06
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Diluted net earnings (loss) per common share* $ (.24) $ .06
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* Diluted weighted average common shares outstanding are not included in the
quarter ended July 31, 1998 calculation due to the anti-dilution of the net
loss.
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