EXHIBIT 11.2 NEWBRIDGE NETWORKS CORPORATION COMPUTATION OF EARNINGS PER SHARE (Accounting principles generally accepted in the United States) (Canadian dollars, amounts in thousands except per share data) (Unaudited) Fiscal quarter ended Two fiscal quarters ended -------------------- ------------------------- Oct 27, Oct 29, Oct 27, Oct 29, 1996 1995 1996 1995 -------- -------- -------- -------- Earnings per share (U.S. GAAP) - Primary Net earnings $ 62,781 $ 45,376 $123,582 $ 82,488 ======== ======== ======== ======== Weighted average number of Common Shares outstanding at the end of the period 170,232 165,864 169,736 165,489 Net effect of dilutive stock options based on the treasury stock method 4,515 1,808 5,101 2,771 -------- -------- -------- -------- Weighted average number of Common Shares and equivalents outstanding at the end of the period 174,747 167,672 174,837 168,260 ======== ======== ======== ======== Earnings per share (U.S. GAAP) $0.36 $0.27 $0.71 $0.49 ======== ======== ======== ======== Earnings per share (U.S. GAAP) - Fully Diluted Net earnings $ 62,781 $ 45,376 $123,582 $ 82,488 ======== ======== ======== ======== Weighted average number of Common Shares outstanding at the end of the period 170,232 165,864 169,736 165,489 Net effect of dilutive stock options based on the treasury stock method 4,515 1,808 5,101 2,771 -------- -------- -------- -------- Weighted average number of Common Shares and equivalents outstanding at the end of the period 174,747 167,672 174,837 168,260 ======== ======== ======== ======== Earnings per share (U.S. GAAP) $0.36 $0.27 $0.71 $0.49 ======== ======== ======== ======== Earnings per share expressed in U.S. Dollars Daily average exchange rate of a Canadian dollar for U.S. dollars as reported by the Federal Reserve Bank of New York $0.7322 $0.7401 $0.7316 $0.7361 Earnings per share (U.S. GAAP) - Primary, in U.S. dollars $0.26 $0.20 $0.52 $0.36 ======== ======== ======== ======== Earnings per share (U.S. GAAP) - Fully diluted, in U.S. dollars $0.26 $0.20 $0.52 $0.36 ======== ======== ======== ======== (Page 20 of 20)