EXHIBIT 11.1 AMERICAN SOFTWARE, INC. AND SUBSIDIARIES Statement re: computation of Per Share Earnings (loss) (In thousands, except per share amounts) Three Months Ended ----------------------------- July 31, ----------------------------- 1999 1998 ------------- ---------- Common stock: Weighted average common shares outstanding: Class A shares 16,829 17,942 Class B shares 4,768 4,797 --------- --------- Basic weighted average common shares outstanding 21,597 22,739 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) 683 1,174 ---------- ----------- Diluted weighted average common shares outstanding for earnings per share - $ 22,280 $ 23,912 ========== ========== Net earnings (loss) $ 904 $ (5,406) ========== ========== Basic net earnings(loss) per common share $ .04 $ (.24) ========== ========== Diluted net earnings (loss) per common share* $ .04 $ (.24) ========== ========== *Diluted weighted average common shares outstanding are not included in the quarter ended July 31, 1998 calculation because they would have an anti-dilutive effect on the loss per share. 17