1 EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE MICROS SYSTEMS, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE for the years ended June 30, 1998, 1997 and 1996 (in thousands, except per share data) The following table has been retroactively restated to reflect a two-for-one stock split, effected in the form of a stock dividend, paid June 23, 1998: 1998 1997 1996 ---------- --------- --------- Weighted-average number of common shares 16,027 15,918 15,794 Dilutive effect of outstanding stock options 663 183 218 ------ ------ ------ Weighted-average number of common and common equivalent shares outstanding 16,690 16,101 16,012 ====== ====== ====== Net income $19,641 $16,332 $2,392 ======= ======= ====== Basic net income per common share $1.23 $1.03 $0.15 ===== ===== ===== Diluted net income per common share $1.18 $1.01 $0.15 ===== ===== =====