NETSMART TECHNOLOGIES, INC.
EXHIBIT 11.1 - CALCULATION OF EARNINGS PER SHARE
Nine Months ended September 30,
2000 1999
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Average shares outstanding 3,329,027 2,902,608
Dilutive effect of stock options
and warrants computed by use
of treasury stock method 415,677 563,863
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3,744,704 3,466,471
Computation of Earnings Per
Share=Net Income/Average
common and common share
equivalent shares $1,340,675 $1,183,810
outstanding 3,744,704 3,466,471
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Earnings Per Share $ .36 $ .34