NETSMART TECHNOLOGIES, INC.
EXHIBIT 11.1 - CALCULATION OF EARNINGS PER SHARE
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Six Months ended June 30,
2000 1999
Average shares outstanding 3,260,039 2,870,992
Dilutive effect of stock options
and warrants computed by use
of treasury stock method 493,648 534,641
Computation of Earnings Per
Share=Net Income/Average
common and common share
equivalent shares $ 889,917 $ 740,239
outstanding 3,753,687 3,405,633
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Earnings Per Share $ .24 $ .22
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