1 EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE MICROS SYSTEMS, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (Unaudited - in thousands, except per share data) Three months ended December 31, 1997 1996 ------ ------ Weighted-average number of common shares 8,008 7,958 Dilutive effect of outstanding stock options 285 97 ------ ------ Weighted-average number of common and common equivalent shares outstanding 8,293 8,055 ====== ====== Net income $4,616 $4,011 ====== ====== Net income per common and common equivalent share $ 0.56 $ 0.50 ====== ====== Six months ended December 31, 1997 1996 ------ ------ Weighted-average number of common shares 8,003 7,952 Dilutive effect of outstanding stock options 266 45 ------ ------ Weighted-average number of common and common equivalent shares outstanding 8,269 7,997 ====== ====== Net income $7,631 $6,338 ====== ====== Net income per common and common equivalent share $ 0.92 $ 0.79 ====== ====== 23 --