EXHIBIT 11
KEANE, INC.
COMPUTATION OF EARNINGS PER SHARE
FOR THE YEARS ENDED DECEMBER 31, 1993, 1994 AND 1995
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Primary 1993 1994 1995
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Average shares outstanding
Common Stock 11,297 13,617 15,887
Class B Common Stock 291 290 288
Net effect of dilutive stock
options -- based on the
treasury stock method
using average market price 310 255 173
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Total 11,898 14,162 16,348
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Net Income $ 9,058 $16,235 $19,257
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Per Share Amount $ .76 $ 1.15 $ 1.18
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Fully Diluted 1993 1994 1995
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Average shares outstanding
Common Stock 11,297 13,617 15,887
Class B Common Stock 291 290 288
Net effect of dilutive stock
options -- based on the
treasury stock method
using higher of average
market price of period
ending price 328 260 185
------- ------- -------
Total 11,916 14,167 16,360
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Net Income $ 9,058 $16,235 $19,257
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Per Share Amount $ .76 $ 1.15 $ 1.18
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