1 EXHIBIT 11 ARI NETWORK SERVICES, INC. COMPUTATION OF NET LOSS PER SHARE Years ended July 31, 1996, 1995 and 1994 1996 1995 1994 ----------------------------------------- Average shares outstanding 12,455,335 12,071,135 10,904,011 ========================================= Loss before extraordinary credit $(4,205,535) $(4,338,612) $(16,025,853) Extraordinary credit - - 937,171 ----------------------------------------- Net loss $(4,205,535) $(4,338,612) $(15,088,682) ========================================= Per share amounts: Loss before extraordinary credit $(.34) $(.36) $(1.47) Extraordinary credit - - .09 ----------------------------------------- Net loss $(.34) $(.36) $(1.38) =========================================