Exhibit 11.1 COGNOS INCORPORATED Computation of Earnings Per Share in accordance with Canadian Generally Accepted Accounting Principles (US$000s, except share amounts) Year Ended -------------------------------------- February 28, February 28, February 29, 2002 2001 2000 ------------ ------------ ------------ Basic Net income.............................. $14,599 $62,736 $54,542 ======= ======= ======= Weighted average number of shares outstanding (1)........................ 87,807 87,324 85,972 ======= ======= ======= Net income per share (1)................ $ 0.17 $ 0.72 $ 0.63 ======= ======= ======= Diluted Net Income per Share Net income.............................. $14,599 $62,736 $54,542 ======= ======= ======= Weighted average number of shares (1)... 87,807 87,324 85,972 Dilutive effect of stock options (1).... 2,654 4,649 2,128 ------- ------- ------- Adjusted weighted average number of shares (1)............................. 90,461 91,973 88,100 ======= ======= ======= Diluted net income per share (1)........ $ 0.16 $ 0.68 $ 0.62 ======= ======= ======= - -------- (1) Reflects the two-for-one stock split authorized April 6, 2000. 117