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EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
BGS SYSTEMS, INC.
FOR THE YEAR ENDED JANUARY 31
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1997 1996 1995
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PRIMARY
Average shares outstanding............................. 6,256,099 6,223,420 6,201,646
Net effect of stock options, if dilutive, based on
treasury stock method using the average market
price................................................ 87,876 40,670 31,574
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TOTAL........................................ 6,343,975 6,264,090 6,233,220
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Net income................................... $9,112,718 $7,981,917 $7,405,299
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Net income per share......................... $ 1.44 $ 1.27 $ 1.19
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FULLY DILUTED
Average shares outstanding............................. 6,256,099 6,223,420 6,201,646
Net effect of stock options, if dilutive, based on
treasury stock method using the year end market price
if higher than the average market price.............. 90,393 47,220 31,574
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TOTAL........................................ 6,346,492 6,270,640 6,233,220
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Net income................................... $9,112,718 $7,981,917 $7,405,299
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Net income per share......................... $ 1.44 $ 1.27 $ 1.19
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