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EXHIBIT 11.1
HEALTH SYSTEMS DESIGN CORPORATION
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(IN THOUSANDS, EXCEPT PER-SHARE AMOUNTS)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
JUNE 30, JUNE 30,
----------------------- ------------------------
2000 1999 2000 1999
--------- --------- ---------- ----------
<S> <C> <C> <C> <C>
Net income (loss).................................... $ (3,852) $ 447 $ 5,935 $ (752)
========= ======== ========== ==========
Weighted average common shares outstanding:
Basic............................................. 6,747 6,713 6,741 6,698
========= ======== ========== ==========
Fully Diluted..................................... 6,747 6,753 6,741 6,698
========= ======== ========== ==========
Net income (loss) per common share:
Basic............................................. $ (0.57) $ 0.07 $ (0.88) $ (0.11)
========= ======== ========== ==========
Diluted........................................... $ (0.57) $ 0.07 $ (0.88) $ (0.11)
========= ======== ========== ==========
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Net Income (Loss) Per Common Share:
Basic net income (loss) per common share (Basic EPS) excludes dilution and is
computed by dividing net income (loss) by the weighted average number of common
shares outstanding during the period. Diluted net income per common share
(Diluted EPS) reflects the potential dilution that could occur if stock options
or other contracts to issue common stock were exercised or converted into common
stock. The computation of Diluted EPS does not assume exercise or conversion of
securities that would have an antidilutive effect on net income per common
share. In periods where losses are recorded, common stock equivalents would
decrease the loss per share and are therefore not added to the weighted average
shares outstanding.
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