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Exhibit 11

Elite Information Group, Inc.
Computation of Earnings per Share
(In thousands, except per share data)
(Unaudited)

|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |       |       | 
|--------------------------- | ------------------------------------------ | ---------------------------------------------------------------- | ----- | ------------------ | ----- | ----------------- | ---- | ----- | ----- | ---- | ----- | ----- | ----- | - | --- | ----- | ----- | 
|                            |                                            |                                                                  |       | Three months ended |       | Nine months ended
|                            |                                            |                                                                  |       | September 30,      |       | September 30,    
|                            |                                            |                                                                  |       |                    |       |                  
|                            |                                            |                                                                  |       | 2001               |       | 2000              |      | 2001  |       | 2000
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |     
|Net income (loss)           |                                            | $                                                                | 1,933 |                    |       | $                 | (150 | )     |       | $    | 2,919 |       |       | $ | 393 |      
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|Basic
earnings per share:   |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|                            | Weighted average common shares outstanding |                                                                  |       | 8,067              |       |                   |      | 8,542 |       |      |       | 8,062 |       |   |     | 8,515 |      
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|                            | Net income (loss) per share                |                                                                  | $     | 0.24               |       |                   | $    | (0.02 | )     |      | $     | 0.36  |       |   | $   | 0.05  |      
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|Diluted earnings per share: |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|                            |                                            | Weighted average common shares outstanding                       |       |                    | 8,067 |                   |      |       | 8,542 |      |       |       | 8,062 |   |     |       | 8,515 | 
|                            |                                            | Addition
from assumed exercise of dilutive stock options         |       |                    | 180   |                   |      |       |      |      |       |       | 125   |   |     |       | 243   | 
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|                            |                                            | Weighted average common and common equivalent
shares outstanding |       |                    | 8,247 |                   |      |       | 8,542 |      |       |       | 8,187 |   |     |       | 8,758 | 
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      
|                            |                                            | Net
income (loss) per share                                      |       | $                  | 0.23  |                   |      | $     | (0.02 | )    |       | $     | 0.36  |   |     | $     | 0.05  | 
|                            |                                            |                                                                  |       |                    |       |                   |      |       |       |      |       |       |       |   |     |      

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