The following table sets forth per share earnings for the year ended March 31, 2001 and 2000:

In addition, as of March 31, 2001 and 2000, there were options outstanding to purchase 1,782,000 and 235,125 shares, respectively, that are potentially anti-dilutive.

The nature of the Company’s services results in the Company deriving significant amounts of revenue from certain customers in a particular year. For the year ended March 31, 2001, two customers accounted for 27.2% and 12.5% of the Company’s revenues. At March 31, 2001, these customers accounted for 35.1% and 0.2% of accounts receivable. For the year ended March 31, 2000, two customers accounted for 25.5% and 11.3% of the Company’s revenue. At March 31, 2000, these customers accounted for 24.0% and 10.5% of accounts receivable. For the year ended March 31, 1999, three customers accounted for 18.4%, 16.4% and 13.8% of the Company’s revenues. At March 31, 1999, these customers represented 29.7%, 1.1% and 6.4% of accounts receivable.

The Company maintains a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code for eligible employees (the "401(k) Plan"). The 401(k) Plan is funded by employee contributions of up to 15% of gross compensation and by discretionary Company contributions. In accordance with the provisions of the 401(k) Plan, employees may make tax-deferred contributions and the Company, at its discretion, may match 50% of employee contributions up to 5% of their earnings. The Company may also elect to make additional contributions to the plan. Company contributions vest over five years of employment. Company contributions amounted to $357,998, $391,067 and $477,365 for the years ended March 31, 2001, 2000 and 1999, respectively.

The Company operates in a single business segment, which offers similar products and services. The Company’s products are similar in nature, providing information technology strategy consulting and systems integration services to customers primarily in the financial services industry, with a primary focus on banks.

On September 8, 2000, the Company made a $3 million preferred stock investment, representing a minority interest, in S2 Systems, Inc., a software solution provider in the banking and diversified financial services markets. The investment is stated at cost.