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15 <table> <caption> Software Artistry, Inc. Exhibit 11 -- Statement Re: Computation of Earnings Per Share (Dollars in Thousands, Except Per Share Amounts) Three Months Six Months Ended June 30, Ended June 30, 1996 1995 1996 1995 <s> <c> <c> <c> <c> Primary: Average Shares Outstanding 6,751,925 6,701,579 6,762,913 5,197,147 Add Common Shares Issued Upon Conversion of Series a Redeemable Preferred Stock -- -- -- 423,724 Net Effect of Dilutive Stock Options 712,613 1,124,503 772,920 1,071,886 Total 7,464,538 7,826,082 7,535,833 6,692,757 ========== ========== =========== =========== Net Income (Loss) $ 86 $ 862 $ (62) $ 1,156 Deduct Dividends on Series B, C, and D Redeemable Preferred Stock -- -- -- (31) Adjusted Net Income (Loss) $ 86 $ 862 $ (62) $ 1,125 ========== ========== =========== =========== Per Share Amount $ 0.01 $ 0.11 $ (0.01) $ 0.17 ========== ========== =========== =========== Fully Diluted: Average Shares Outstanding 6,751,925 6,701,579 6,762,913 5,197,147 Add Common Shares Issued Upon Conversion of Series A, B, and C Redeemable Preferred Stock -- -- -- 914,428 Net Effect of Dilutive Stock Options 712,613 1,179,544 772,920 1,179,544 Total 7,464,538 7,881,123 7,535,833 7,291,119 ========== ========== =========== =========== Net Income (Loss) $ 86 $ 862 $ (62) $ 1,156 Deduct Dividends on Series D Redeemable Preferred Stock -- -- - (8) Adjusted Net Income (Loss) $ 86 $ 862 $ (62) $ 1,148 ========== ========== =========== =========== Per Share Amount $ 0.01 $ 0.11 $ (0.01) $ 0.16 ========== ========== =========== =========== </Table>
