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
-------------------------
Aug 3, Jul 28,
1997 1996
-------- --------
EARNINGS PER SHARE (U.S. GAAP) - PRIMARY
Net earnings $ 64,354 $ 60,801
======== ========
Weighted average number of Common Shares
outstanding during the period 172,964 169,228
Net effect of dilutive stock options
based on the treasury stock method 6,857 5,702
-------- --------
Weighted average number of Common
Shares and equivalents outstanding
during the period 179,821 174,930
======== ========
Earnings per share (U.S. GAAP) $ 0.36 $ 0.35
======== ========
EARNINGS PER SHARE (U.S. GAAP) - FULLY DILUTED
Net earnings $ 64,354 $ 60,801
======== ========
Weighted average number of Common Shares
outstanding during the period 172,964 169,228
Net effect of dilutive stock options
based on the treasury stock method 8,305 5,702
-------- --------
Weighted average number of Common
Shares and equivalents outstanding
during the period 181,269 174,930
======== ========
Earnings per share (U.S. GAAP) $ 0.36 $ 0.35
======== ========
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
Earnings per share (U.S. GAAP)
- Primary, in U.S. dollars $ 0.26 $ 0.25
======== ========
Earnings per share (U.S. GAAP)
- Fully diluted, in U.S. dollars $ 0.26 $ 0.25
======== ========
(Page 22 of 23)