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 2, Aug 3,
1998 1997
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BASIC EARNINGS PER SHARE
Net earnings $ 35,520 $ 64,354
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Common Shares outstanding
at the beginning of the period 175,686 171,859
Weighted average number of Common Shares
issued during the period 419 1,105
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Weighted average number of Common Shares
outstanding during the period 176,105 172,964
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Basic earnings per share $0.20 $0.37
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FULLY DILUTED EARNINGS PER SHARE
Earnings before imputed earnings $ 35,520 $ 64,354
After tax imputed earnings from the investment
of funds received through dilution 6,817 3,979
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Adjusted net earnings $ 42,337 $ 68,333
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Weighted average number of Common Shares
outstanding during the period 176,105 172,964
Weighted average common share
equivalents based on conversion of
outstanding stock options 20,645 16,118
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Weighted average number of Common
Shares and equivalents outstanding
during the period 196,750 189,082
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Fully diluted earnings per share $0.20 $0.36
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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 $0.6817 $0.7242
Basic earnings per share, in U.S. dollars $0.14 $0.27
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Fully diluted earnings per share, in U.S. dollars $0.14 $0.26
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