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 quarters ended
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Aug 1, Aug 2,
1999 1998
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Basic earnings per share
Net earnings $ 47,286 $ 35,520
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Common Shares outstanding
at the beginning of the period 180,105 175,686
Weighted average number of Common Shares
issued during the period 294 419
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Weighted average number of Common Shares
outstanding during the period 180,399 176,105
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Basic earnings per share $ 0.26 $ 0.20
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Fully diluted earnings per share
Earnings before imputed earnings $ 47,286 $ 35,520
After tax imputed earnings from the investment
of funds received through dilution -- --
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Adjusted net earnings $ 47,286 $ 35,520
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Weighted average number of Common Shares
outstanding during the period 180,399 176,105
Weighted average common share
equivalents based on conversion of
outstanding stock options -- --
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Weighted average number of Common
Shares and equivalents outstanding
during the period 180,399 176,105
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Fully diluted earnings per share $ 0.26 $ 0.20
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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 $ 0.6787 $ 0.6817
Basic earnings per share, in U.S. dollars $ 0.18 $ 0.14
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Fully diluted earnings per share, in U.S. dollars $ 0.18 $ 0.14
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