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 March 31, --------------------- 1997 1996 ------- ------- Pro forma net income ............................... $ 2,813 $ 1,803 ======= ======= Shares used in per share computation: Weighted average outstanding .................. 18,629 15,984 Equivalent shares assumed to be outstanding had options granted prior to 1995 been exercised and used to repurchase shares at their then fair value ................... 980 1,702 ------- ------- 19,609 17,686 ======= ======= Pro forma net income per share ..................... $ 0.14 $ 0.10 ======= =======