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                                                                    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)

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                                                                        FISCAL QUARTERS ENDED  TWO FISCAL QUARTERS ENDED   
                                                                        ---------------------  -------------------------        
                                                                         Nov 1,       Nov 2,       Nov 1,       Nov 2,            
                                                                          1998         1997         1998         1997             
                                                                        --------     --------     --------     --------           
<S>                                                                     <C>          <C>          <C>          <C>                
EARNINGS PER SHARE (U.S. GAAP - BASIC)                                                                                            
                                                                                                                                  
 Net earnings                                                           $ 53,314     $ 57,993     $ 88,834     $122,347           
                                                                        ========     ========     ========     ========           
 Weighted average number of Common                                                                                                
   Shares outstanding during the period                                  176,766      174,733      176,430      173,830           
                                                                        ========     ========     ========     ========           
                                                                                                                                  
 Earnings per share (U.S. GAAP)                                         $   0.30     $   0.33     $   0.50     $   0.70           
                                                                        ========     ========     ========     ========           
                                                                                                                                  
EARNINGS PER SHARE (U.S. GAAP - DILUTED)                                                                                          
                                                                                                                                  
 Net earnings                                                           $ 53,314     $ 57,993     $ 88,834     $122,347           
                                                                        ========     ========     ========     ========           
                                                                                                                                  
 Weighted average number of Common Shares                                                                                         
   outstanding during the period                                         176,766      174,733      176,430      173,830           
                                                                                                                                  
 Net effect of dilutive stock options                                                                                             
   based on the treasury stock method                                         --        7,995        4,233        7,206           
                                                                        --------     --------     --------     --------           
                                                                                                                                  
 Weighted average number of Common                                                                                                
   Shares and equivalents outstanding                                                                                             
   during the period                                                     176,766      182,728      180,663      181,036           
                                                                        ========     ========     ========     ========           
                                                                                                                                  
 Earnings per share (U.S. GAAP)                                         $   0.30     $   0.32     $   0.49     $   0.68           
                                                                        ========     ========     ========     ========           
                                                                                                                            
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                                     $ 0.6520     $ 0.7204     $ 0.6667     $ 0.7223     
                                                                                                                            
 Basic earnings per share (U.S. GAAP), in U.S. dollars                  $   0.20     $   0.24     $   0.34     $   0.51     
                                                                        ========     ========     ========     ========           
                                                                                                                            
 Diluted earnings per share (U.S. GAAP), in U.S. dollars                $   0.20     $   0.23     $   0.33     $   0.49     
                                                                        ========     ========     ========     ========           
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