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 2, Aug 3,
1998 1997
-------- --------
EARNINGS PER SHARE (U.S. GAAP - BASIC)
Net earnings $ 35,520 $ 64,354
======== ========
Weighted average number of Common
Shares outstanding during the period 176,105 172,964
======== ========
Earnings per share (U.S. GAAP) $0.20 $0.37
======== ========
EARNINGS PER SHARE (U.S. GAAP - DILUTED)
Net earnings $ 35,520 $ 64,354
======== ========
Weighted average number of Common Shares
outstanding during the period 176,105 172,964
Net effect of dilutive stock options and shares,
based on the treasury stock method 2,314 6,857
-------- --------
Weighted average number of Common
Shares and equivalents outstanding
during the period 178,419 179,821
======== ========
Earnings per share (U.S. GAAP) $0.20 $0.36
======== ========
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 (U.S. GAAP), in U.S. dollars $0.14 $0.27
======== ========
Diluted earnings per share (U.S. GAAP), in U.S. dollars $0.14 $0.26
======== ========
(Page 22 of 23)