Exhibit (11)

SYNTELLECT INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE

|                                                |                                                                                                                         |   |                    |        |   |      |        |        | 
|----------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------- | - | ------------------ | ------ | - | ---- | ------ | ------ | 
|                                                |                                                                                                                         |   | Three Months Ended |       
|                                                |                                                                                                                         |   | March 31           |       
|                                                |                                                                                                                         |   |                    |       
|                                                |                                                                                                                         |   | 2001               |        |   | 2000 |       
|                                                |                                                                                                                         |   |                    |        |   |      |       
|Numerator:                                     
|                                               
|                                               
|                                               
|                                               
|                                                | Numerator for basic and diluted income (loss) per
share  net income (loss)                                            |   | $                  | (2,209 | ) |      | $      | 1,197  | 
|                                                |                                                                                                                         |   |                    |        |   |     
|Denominator:                                   
|                                               
|                                               
|                                               
|                                               
|                                                | Denominator for basic income (loss) per share 
weighted average number of common shares
outstanding during the period |   |                    | 11,194 |   |      |        | 11,859 | 
|                                               
|                                               
|                                               
|                                               
|                                                | Incremental common shares attributable to
exercise of outstanding common stock options                                  |   |                    |       |   |      |        | 1,001  | 
|                                                |                                                                                                                         |   |                    |        |   |     
|Denominator for diluted income (loss) per share |                                                                                                                         |   | 11,194             |        |   |      | 12,860 |       
|                                                |                                                                                                                         |   |                    |        |   |     
|Basic net income (loss) per share               |                                                                                                                         | $ | (0.20              | )      |   | $    | 0.10   |       
|                                                |                                                                                                                         |   |                    |        |   |     
|Diluted net income (loss) per share             |                                                                                                                         | $ | (0.20              | )      |   | $    | 0.09   |       
|                                                |                                                                                                                         |   |                    |        |   |     

The computation of diluted
loss per share for the quarter ended March 31, 2001 excluded the
effect of incremental common shares numbering 630,634 attributable to the
exercise of common stock options because their effect would have been
anti-dilutive.

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