EXHIBIT 11.1 IMRGLOBAL CORP. COMPUTATION OF NET INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA) Year Ended December 31, -------------------------------- 1998 1997 1996 -------- -------- -------- Net income ................................... $ 18,909 $ 11,895 $ 2,588 ======== ======== ======== BASIC: Weighted average common share outstanding . 28,033 24,129 15,458 ======== ======== ======== Basic earnings per share .................. $ 0.67 $ 0.49 $ 0.17 ======== ======== ======== DILUTED: Common Shares ............................. 28,033 24,129 15,458 Stock Option Plans Shares under option at year-end ........ 10,073 10,756 11,438 Treasury Shares which could be purchased (533) (418) (525) -------- -------- -------- Weighted average common and common equivalent shares outstanding ...... 37,573 34,467 26,371 ======== ======== ======== Diluted earnings per share ................... $ 0.50 $ 0.35 $ 0.10 ======== ======== ========