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) The following tables have been retroactively restated to reflect a two-for-one stock split approved by the Company's Board of Directors on April 29, 1998, for shareholders of record as of May 22, 1998: Three Months Ended March 31, 1998 1997 ---- ---- Weighted-average number of common shares 16,027 15,919 Dilutive effect of outstanding stock options 727 419 ------- ------- Weighted-average number of common and common equivalent shares outstanding 16,754 16,338 ======= ======= Net income $ 5,849 $ 4,464 ======= ======= Net income per common and common equivalent share $ 0.35 $ 0.27 ======= ======= Nine Months Ended March 31, 1998 1997 ---- ---- Weighted-average number of common shares 16,014 15,909 Dilutive effect of outstanding stock options 596 161 -------- -------- Weighted-average number of common and common equivalent shares outstanding 16,610 16,070 ======== ======== Net income $ 13,481 $ 10,802 ======== ======== Net income per common and common equivalent share $ 0.81 $ 0.67 ======== ========