EXHIBIT 11 ALPHANET SOLUTIONS, INC. COMPUTATION OF PRO FORMA EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) THREE MONTHS ENDED YEAR ENDED DECEMBER 31, MARCH 31, ----------------------- ------------------ 1995 1996 1996 1997 ----------- ----------- ------------------ Pro forma net income................ $ 2,439 $ 3,463 $ 572 $ 1,161 =========== =========== ======== ========= Weighted average number of common shares and common shares equivalent Common shares..................... 3,400 4,690 3,488 5,103 Shares necessary to fund S Corpo- ration Distribution less out- standing loan to shareholder..... 551 130 520 -- Cheap stock (treasury stock meth- od).............................. 37 9 35 190 ----------- ----------- -------- --------- 3,988 4,829 4,043 5,293 =========== =========== ======== ========= Pro forma net income per share...... $ 0.61 $ 0.72 $ 0.14 $ 0.22 =========== =========== ======== =========