Exhibit 11 META-SOFTWARE, INC. COMPUTATION OF NET INCOME PER SHARE AND PRO FORMA NET INCOME PER SHARE (unaudited) (in thousands, except for per share data) Three Months Ended Six Months Ended June 30, June 30, -------------------- ------------------- 1996 1995 1996 1995 -------- -------- -------- ------- Net income and pro forma net income......................... $ 1,451 $ 835 $ 2,683 $ 1,333 ======== ======== ======== ======= Weighted average number of shares of common stock outstanding.................... 10,008 7,500 9,910 7,500 Number of common stock equivalents as a result of stock options outstanding using the treasury stock method......................... 646 841 712 841 Number of common stock options granted in accordance with SAB No. 83................ - 569 - 569 Number of shares deemed outstanding to fund shareholder distribution....... - 882 - 882 -------- -------- -------- ------- Total................... 10,654 9,792 10,622 9,792 ======== ======== ======== ======= Net income and pro forma net income per share............... $ 0.14 $ 0.09 $ 0.25 $ 0.14 ======== ======== ======== =======