Exhibit 11.1
DIGITAL MICROWAVE CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended
June 30,
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1997 1996
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Primary:
Weighted average shares outstanding 18,615 15,864
Common stock equivalents 868 378
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19,483 16,242
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Fully Diluted:
Weighted average shares outstanding 18,615 15,864
Common stock equivalents 999 667
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19,614 16,531
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Earnings per share:
Primary $ .30 $ .07
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Fully Diluted $ .29 $ .07
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