EXHIBIT 11
INTELLIGROUP, INC. AND SUBSIDIARIES
Three Months Ended September 30, Nine Months Ended September 30,
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1997 1996 1997 1996
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Net income (loss) $ 1,581,000 $ (600,000) $ 3,587,000 $ (105,000)
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Weighted average shares outstanding 11,925,000 7,322,000 11,153,000 9,331,000
Incremental shares
considered outstanding (1) (2) 402,000 1,555,000 402,000 1,494,000
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Shares used in per share calculation 12,327,000 8,877,000 11,555,000 10,825,000
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Net income (loss) per share $ 0.13 $ (0.07) $ 0.31 $ (0.01)
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(1) Pursuant to the requirements of the Securities and Exchange Commission, stock options and warrants
issued by the Company during the twelve months immediately preceding the initial public offering have been
included in computing net income per share as if they were outstanding for all periods using the treasury
stock method.
(2) Includes dilutive stock options, using the treasury method.