EXHIBIT 11
AMERICAN SOFTWARE, INC. AND SUBSIDIARIES
Statement re: computation of Per Share Earnings (loss)
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
October 31, October 31,
1998 1997 1998 1997
-------- -------- -------- --------
Common stock:
Weighted average common
shares outstanding:
Class A shares 17,731 17,836 17,820 17,777
Class B shares 4,798 4,806 4,798 4,806
------- -------- --------- ---------
Basic weighted average common
shares outstanding 22,530 22,642 22,619 22,584
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) 170 2,149 1,082 1,990
------- -------- ---------- ---------
Diluted weighted average common
shares outstanding for
earnings per share - $ 22,700 $ 24,791 $ 23,701 $ 24,574
======== ======== ========== =========
Net earnings (loss) $ (33,318) $ 2,003 $ (38,724) $ 3,352
======== ======== ========== =========
Basic net earnings(loss)per common share $ (1.48) $ .09 $ (1.71) $ .15
======== ======== ========== =========
Diluted net earnings(loss)per common share* $ (1.48) $ .08 $ (1.71) $ .14
======== ======== ========== =========
*Diluted weighted average common shares outstanding are not included in the
quarter ended and six months ended October 31, 1998 calculations due to the
anti-dilution of the net loss per share.