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)
for the fiscal quarter ended for the fiscal year ended
---------------------------- -------------------------
Aug 2, Nov 1, Jan 31, May 2, May 2, Apr 30, Apr 30,
1998 1998 1999 1999 1999 1998 1997
---- ---- ---- ---- ---- ---- ----
Earnings (loss) per share (U.S. GAAP - Basic)
Net earnings (loss) $ 35,520 $ 53,314 $120,119 $(29,792) $179,161 $(18,318) $156,917
======== ======== ======== ======== ======== ======== ========
Weighted average number of Common
Shares outstanding during the period 176,105 176,766 177,596 180,105 177,630 174,617 170,510
======== ======== ======== ======== ======== ======== ========
Earnings (loss) per share (U.S. GAAP) $ 0.20 $ 0.30 $ 0.68 $ (0.17) $ 1.01 $ (0.10) $ 0.92
======== ======== ======== ======== ======== ======== ========
Earnings (loss) per share (U.S. GAAP - Diluted)
Net earnings (loss) $ 35,520 $ 53,314 $120,119 $(29,792) $179,161 $(18,318) $156,917
======== ======== ======== ======== ======== ======== ========
Weighted average number of
Common Shares outstanding
during the period 176,105 176,766 177,596 180,105 177,630 174,617 170,510
Net effect of dilutive stock options and
warrants, based on the treasury
stock method 2,314 -- 4,434 -- 2,746 -- 4,015
-------- -------- -------- -------- -------- -------- --------
Weighted average number of Common
Shares outstanding during the
Period, as adjusted 178,419 176,766 182,030 180,105 180,376 174,617 174,525
======== ======== ======== ======== ======== ======== ========
Earnings (loss) per share (U.S. GAAP) $ 0.20 $ 0.30 $ 0.66 $ (0.17) $ 0.99 $ (0.10) $ 0.90
======== ======== ======== ======== ======== ======== ========