Exhibit 11.1
DIGITAL MICROWAVE CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
September 30, 1997 September 30, 1997
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1997 1996 1997 1996
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Primary:
Weighted average shares outstanding 18,886 15,951 18,714 15,917
Common stock equivalents 1,083 660 1,037 519
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19,969 16,611 19,751 16,436
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Fully Diluted:
Weighted average shares outstanding 18,886 15,951 18,714 15,917
Common stock equivalents 1,214 990 1,168 828
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20,100 16,941 19,882 16,745
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Earnings per share:
Primary $ .37 $ .13 $ .67 $ .20
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Fully Diluted $ .37 $ .13 $ .66 $ .19
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