1
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 nine month periods
ending March 31, 1998 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
March 31,
1999 1998
---------- ---------
Weighted-average number of common shares 16,141 16,027
Dilutive effect of outstanding stock options 903 727
--- ---
Weighted-average number of common and common equivalent shares
outstanding 17,044 16,754
====== ======
Net income $7,688 $5,849
====== ======
Basic net income per common share $0.48 $0.37
===== =====
Diluted net income per common share $0.45 $0.35
===== =====
Nine months ended
March 31,
1999 1998
---------- --------
Weighted-average number of common shares 16,127 16,014
Dilutive effect of outstanding stock options 855 596
--- ---
Weighted-average number of common and common equivalent shares
outstanding 16,982 16,610
====== ======
Net income $17,409 $13,481
======= =======
Basic net income per common share $1.08 $0.84
===== =====
Diluted net income per common share $1.03 $0.81
===== =====