1 EXHIBIT 11.1 AFFILIATED COMPUTER SERVICES, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE (IN THOUSANDS EXCEPT PER SHARE DATA) Three Months Ended September 30, ------------------------- 1996 1995 -------- -------- NET INCOME $ 8,533 $ 5,661 ======== ======== PRIMARY Weighted average number of shares outstanding 17,696 13,325 Additional weighted average shares from assumed exercise of dilutive stock options and warrants, net of shares assumed to be repurchased with exercise proceeds 535 362 Additional weighted average shares from assumed issuance of shares issuable from acquisitions - 65 -------- -------- 18,231 13,752 ======== ======== Earnings per share $ 0.47 $ 0.41 ======== ======== FULLY DILUTED Weighted average number of shares outstanding 17,696 13,325 Additional weighted average shares from assumed exercise of dilutive stock options and warrants, net of shares assumed to be repurchased with exercise proceeds 589 362 Additional weighted average shares from assumed issuance of shares issuable from acquisition - 65 Additional weighted average shares from assumed conversion of preferred stock - 37 -------- -------- 18,285 13,789 ======== ======== Earnings per share (fully diluted): $ 0.47 $ 0.41 ======== ======== 10