EXHIBIT 11.01
THE INDUS GROUP, INC.
STATEMENT OF COMPUTATION OF PRO FORMA
NET INCOME PER SHARE
(In thousands, except share amounts)
(Unaudited)
Year Ended December 31,
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1995 1996
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Pro forma net income................................................. $ 6,322 $ 9,228
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Shares used in per share computation:
Weighted average outstanding......................................... 15,021 17,423
Equivalent shares assumed to be outstanding had options granted
prior to 1995 been exercised and used to repurchase shares at
their then fair value................................................ 1,315 1,500
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 -
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 -
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17,490 18,923
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Pro forma net income per share....................................... $ 0.36 $ 0.49
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