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                                                                    EXHIBIT 11.1

              BILLING INFORMATION CONCEPTS CORP. AND SUBSIDIARIES

                       COMPUTATION OF EARNINGS PER SHARE

                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             FOR THE TWO MONTHS ENDED
                                                                             ------------------------
                                                                                SEPTEMBER 30, 1996
                                                                                ------------------
 <S>                                                                                   <C>
 PRIMARY EARNINGS PER SHARE CALCULATION:                                     
 Earnings:                                                                   
 Net income applicable to common stock . . . . . . . . . . . . . . . . . . .           $ 2,690
                                                                             
                                                                             
                                                                             
                                                                             
 Shares:                                                                     
  Weighted average number of shares of common stock outstanding  . . . . . .            15,035
 Weighted average common stock equivalents applicable to stock options       
   and warrants  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               726
                                                                                       -------
                                                                             
 Weighted average shares used for computation  . . . . . . . . . . . . . . .            15,761
                                                                                       =======
                                                                             
 Primary earnings per common share:                                          
  Net income applicable to common stock  . . . . . . . . . . . . . . . . . .           $  0.17
                                                                             
                                                                             
 FULLY DILUTED EARNINGS PER SHARE CALCULATION:                               
 Earnings:                                                                   
  Net income applicable to common stock  . . . . . . . . . . . . . . . . . .           $ 2,690
                                                                             
                                                                             
 Shares:                                                                     
 Weighted average number of shares of common stock outstanding . . . . . . .            15,035
 Weighted average common stock equivalents applicable to stock options       
  and warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .               794
                                                                                      --------
                                                                             
 Weighted average shares used for computation  . . . . . . . . . . . . . . .            15,829
                                                                                       =======
                                                                             
 Fully diluted earnings per common share:                                    
  Net income applicable to common stock  . . . . . . . . . . . . . . . . . .           $  0.17
</TABLE>                                                                     





Note:  Earnings per common share is presented above for the two-month period
       ended September 30, 1996 as Billing Information Concepts Corp. was not a
       publicly held company until August 2, 1996.





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