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
-------------------- -------------------------
Nov 2, Oct 27, Nov 2, Oct 27,
1997 1996 1997 1996
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EARNINGS PER SHARE (U.S. GAAP) - PRIMARY
Net earnings $ 57,993 $ 62,781 $122,347 $123,582
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Weighted average number of Common Shares
outstanding during the period 174,733 170,232 173,830 169,736
Net effect of dilutive stock options
based on the treasury stock method 7,995 4,515 7,206 5,101
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Weighted average number of Common
Shares and equivalents outstanding
during the period 182,728 174,747 181,036 174,837
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Earnings (loss) per share (U.S. GAAP) $ 0.32 $ 0.36 $ 0.68 $ 0.71
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EARNINGS (LOSS) PER SHARE (U.S. GAAP) - FULLY DILUTED
Net earnings (loss) $ 57,993 $ 62,781 $122,347 $123,582
======== ======== ======== ========
Weighted average number of Common Shares
outstanding during the period 174,733 170,232 173,830 169,736
Net effect of dilutive stock options
based on the treasury stock method 7,995 4,515 8,140 5,101
-------- -------- -------- --------
Weighted average number of Common
Shares and equivalents outstanding
during the period 182,728 174,747 181,970 174,837
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Earnings (loss) per share (U.S. GAAP) $ 0.32 $ 0.36 $ 0.67 $ 0.71
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EARNINGS (LOSS) 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 $ 0.7204 $ 0.7322 $ 0.7223 $ 0.7316
Earnings (loss) per share (U.S. GAAP)
- Primary, in U.S. dollars $ 0.23 $ 0.26 $ 0.49 $ 0.52
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Earnings (loss) per share (U.S. GAAP)
- Fully diluted, in U.S. dollars $ 0.23 $ 0.26 $ 0.49 $ 0.52
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