**EXHIBIT 11.1**

**META Group, Inc.**

**EXHIBIT TO QUARTERLYREPORT ON FORM 10-Q**

**Computation of NetIncome Per Common Share**

|                                                                      | **For the three months  ended**                                                                  |       | **For the six months  ended** |       |
|---------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|------------|-------------------------------|------------|
|                                                                      | **June 30,**                                                                                     |       | **June 30,**                  |       |
|                                                                      | ****                                                                                             |       | ****                          |       |
|                                                                      | 2001                                                                                             |       | 2000                          |       | 2001 |   | 2000 |   |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      |                                                                                             |       |                          |       |   |   |   |   |
| Income  (loss) before cumulative effect of change in accounting principle | $                                                                                                | (649,000   | )                             | $          | 2,816,000 |   | $ | (922,000 | ) | $ | 4,398,000 |   |
| Cumulative  effect of change in accounting principle                      |                                                                                             |       |                          |       |   |   | $ | (2,438,000 | ) |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
| Net  income (loss)                                                        | $                                                                                                | (649,000   | )                             | $          | 2,816,000 |   | $ | (922,000 | ) | $ | 1,960,000 |   |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      |                                                                                             |       |                          |       |   |   |   |   |
|                                                                      | Average number of  common shares outstanding during the period                                   | 11,098,699 |                          | 10,738,153 |   | 11,069,060 |   | 10,666,186 |   |
|                                                                      | Add common share  equivalents — options to purchase common shares and contingent shares (1) |       |                          | 1,094,076  |   |   |   | 1,256,424 |   |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      | Total                                                                                            | 11,098,699 |                          | 11,832,229 |   | 11,069,060 |   | 11,922,610 |   |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      |                                                                                             |       |                          |       |   |   |   |   |
| Amounts  per basic common share:                                          |                                                                                             |       |                          |       |   |   |   |   |
|                                                                      | Income (loss) before  cumulative effect of change in accounting principle                        | $          | (.06                          | )          | $ | .26 |   | $ | (.08 | ) | $ | .41 |   |
|                                                                      | Cumulative effect of  change in accounting principle                                             |       |                          |       |   |   |   | $ | (.23 | ) |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      | Net income (loss)                                                                                | $          | (.06                          | )          | $ | .26 |   | $ | (.08 | ) | $ | .18 |   |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      |                                                                                             |       |                          |       |   |   |   |   |
| Amounts  per diluted common share:                                        |                                                                                             |       |                          |       |   |   |   |   |
|                                                                      | Income (loss) before  cumulative effect of change in accounting principle                        | $          | (.06                          | )          | $ | .24 |   | $ | (.08 | ) | $ | .37 |   |
|                                                                      | Cumulative effect of  change in accounting principle                                             |       |                          |       |   |   |   | $ | (.20 | ) |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                      | Net income (loss)                                                                                | $          | (.06                          | )          | $ | .24 |   | $ | (.08 | ) | $ | .17 |   |
|                                                                      |                                                                                                  |       |                               |       |  |   |  |   |
|                                                                           |                                                                                                  |            |                               |            |  |  |  |  |  |  |  |  |  |  |

 

| (1) | Excluded from the calculation for the three  and six months ended June 30, 2001 are approximately 53,000 and 113,000  unexercised options, respectively, as they are anti-dilutive. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|