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EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
MICROS SYSTEMS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
Share and per share amounts shown for the three month and six month periods
ending December 31, 1997 have been retroactively restated to reflect a
two-for-one stock split, effected in the form of a stock dividend, paid June 23,
1998:
Three months ended
December 31,
1998 1997
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Weighted-average number of common shares 16,123 16,016
Dilutive effect of outstanding stock options 732 569
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Weighted-average number of common and common
equivalent shares outstanding 16,855 16,585
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Net income $ 6,213 $ 4,616
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Basic net income per common share $ 0.39 $ 0.29
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Diluted net income per common share $ 0.37 $ 0.28
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Six months ended
December 31,
1998 1997
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Weighted-average number of common shares 16,119 16,007
Dilutive effect of outstanding stock options 832 531
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Weighted-average number of common and common
equivalent shares outstanding 16,951 16,538
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Net income $ 9,721 $ 7,631
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Basic net income per common share $ 0.60 $ 0.48
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Diluted net income per common share $ 0.57 $ 0.46
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