EXHIBIT 11.1
NEWBRIDGE NETWORKS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(Accounting principles generally accepted in Canada)
(Canadian dollars, amounts in thousands except per share data)
(Unaudited)
Fiscal quarter ended
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Aug 3, Jul 28,
1997 1996
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BASIC EARNINGS PER SHARE
Net earnings $ 64,354 $ 60,801
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Common Shares outstanding
at the beginning of the period 171,859 168,676
Weighted average number of Common Shares
issued during the period 1,105 552
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Weighted average number of Common Shares
outstanding during the period 172,964 169,228
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Basic earnings per share $ 0.37 $ 0.36
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FULLY DILUTED EARNINGS PER SHARE
Earnings before imputed earnings $ 64,354 $ 60,801
After tax imputed earnings from the investment
of funds received through dilution 3,979 2,883
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Adjusted net earnings $ 68,333 $ 63,684
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Weighted average number of Common Shares
outstanding during the period 172,964 169,228
Weighted average common share
equivalents based on conversion of
outstanding stock options 16,118 12,482
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Weighted average number of Common
Shares and equivalents outstanding
during the period 189,082 181,710
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Fully diluted earnings per share $ 0 .36 $ 0.35
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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 $ 0.7242 $ 0.7309
Basic earnings per share, in U.S. dollars $ 0.27 $ 0.26
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Fully diluted earnings per share, in U.S. dollars $ 0.26 $ 0.26
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