**EXHIBIT11.1**

 

 

**METAGroup, Inc.**

**EXHIBITTO QUARTERLY REPORT ON FORM 10-Q**

**Computationof Net Income Per Common Share**

 

 
|                                                                                               |   | **For the  three months ended  June 30,** |       | **For the  six months ended  June 30,** |   |
|----------------------------------------------------------------------------------------------------|--------|------------------------------------------------|------------|----------------------------------------------|--------|
|                                                                                               |   | **2003**                                       |       | **2002**                                     |   | **2003** |   | **2002** |   |
|                                                                                               |   |                                           |       |                                         |   |   |   |   |   |
| Net income (loss)                                                                                  |   | $                                              | (1,517,000 | )                                            | $      | 169,000 |   | $ | (1,406,000 | ) | $ | (23,390,000 | ) |
|                                                                                               |   |                                           |       |                                         |   |   |   |   |   |
| Average number of common shares outstanding  during the period                                     |   | 13,272,090                                     |       | 13,024,112                                   |   | 13,257,531 |   | 13,023,664 |   |
| Add common share equivalents — options  to purchase common shares and contingent  shares |   | —                                         |       | 129,320                                      |   | — |   |   |   |
| Total                                                                                              |   | 13,272,090                                     |       | 13,153,432                                   |   | 13,257,531 |   | 13,023,664 |   |
|                                                                                               |   |                                           |       |                                         |   |   |   |   |   |
| Amounts per basic common share:                                                                    |   |                                           |       |                                         |   |   |   |   |   |
| Net income (loss)                                                                                  |   | $                                              | (0.11      | )                                            | $      | 0.01 |   | $ | (0.11 | ) | $ | (1.80 | ) |
|                                                                                               |   |                                           |       |                                         |   |   |   |   |   |
| Amounts per diluted common share:                                                                  |   |                                           |       |                                         |   |   |   |   |   |
| Net income (loss)                                                                                  |   | $                                              | (0.11      | )                                            | $      | 0.01 |   | $ | (0.11 | ) | $ | (1.80 | ) |

 

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