EXHIBIT 11.01 THE INDUS GROUP, INC. STATEMENT OF COMPUTATION OF PRO FORMA NET INCOME PER SHARE (In thousands, except share amounts) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------------- -------------------- 1996 1995 1996 1995 ------ ------ ------- ------- Pro forma net income ..................................................... $ 2,664 $ 1,512 $ 6,518 $ 4,995 ======= ======= ======= ======= Shares used in per share computation: Weighted average outstanding ........................................ 17,864 15,021 17,200 15,021 Equivalent shares assumed to be outstanding had options granted prior to 1995 been exercised and used to repurchase shares at their then fair value .......................................... 1,537 1,315 1,617 1,315 Shares issued or shares reserved for options granted in 1995, which shares are assumed to be outstanding for all prior periods (as required by SEC Staff Accounting Bulletins Topic 4 D) ......... -- 519 -- 519 Shares assumed to be outstanding equivalent to dividends paid in 1995 ($9,516,659) divided by expected offering price ($15 per share) (as required by SEC Staff Accounting Bulletins Topic 1B).... -- 635 -- 635 ------ ------ ------- ------- 19,401 17,490 18,817 17,490 ======= ======= ======= ======= Pro forma net income per share ........................................... $ 0.14 $ 0.09 $ 0.35 $ 0.29 ======= ======= ======= =======