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)
for the fiscal quarter ended for the fiscal year ended
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Jul 28, Oct 27, Jan 26, Apr 30, Apr 30, Apr 30, Apr 30,
1996 1996 1997 1997 1997 1996 1995
---- ---- ---- ---- ---- ---- ----
Earnings per share (U.S. GAAP - Primary)
Net earnings $60,801 $62,781 $(33,909) $67,244 $156,917 $202,864 $188,390
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Weighted average number of
Common Shares outstanding
at the end of the period 169,228 170,232 170,941 171,701 170,510 165,842 162,891
Net effect of dilutive stock options and
shares to be issued in settlement of
litigation, based on the treasury stock
method 5,702 4,515 -- 4,853 4,015 5,148 3,755
------- ------- ------- ------- ------- ------- -------
Weighted average number of Common
Shares outstanding at the end of the
period as adjusted 174,930 174,747 170,941 176,554 174,525 170,990 166,646
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Earnings per share (U.S. GAAP) 35(c) 36(c) (20)(c) 38(c) 90(c) $1.19 $1.13
== == == == == ==== ====
Earnings per share (U.S. GAAP - Fully Diluted)
Net earnings $60,801 $62,781 $(33,909) $67,244 $156,917 $202,864 $188,390
====== ====== ====== ====== ======= ======= =======
Weighted average number of
Common Shares outstanding
at the end of the period 169,228 170,232 170,941 171,701 170,510 165,842 162,891
Net effect of dilutive stock options and
shares to be issued in settlement of
litigation, based on the treasury stock
method 5,702 4,515 -- 4,853 4,015 6,938 3,755
------- ------- ------- ------- ------- ------- -------
Weighted average number of Common
Shares outstanding at the end of the
period as adjusted 174,930 174,747 170,941 176,554 174,525 172,780 166,646
======= ======= ======= ======= ======= ======= =======
Earnings per share (U.S. GAAP) 35(c) 36(c) (20)(c) 38(c) 90(c) $1.17 $1.13
== == == == == ==== ====
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 $0.7309 $0.7322 $0.7406 $0.7284 $0.7344 $0.7345 $0.7248
Primary earnings (loss) per share, in U.S.
dollars 25(c) 26(c) (15)(c) 28(c) 66(c) 87(c) 82(c)
Fully diluted earnings (loss) per
share, in U.S. dollars 25(c) 26(c) (15)(c) 28(c) 66(c) 86(c) 82(c)
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