EXHIBIT 11(b)
ULTICOM, INC. AND SUBSIDIARY
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
SIX MONTHS ENDED
JULY 31, 1999 JULY 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 612 $ 2,677
========= ==========
Weighted average number of outstanding common shares 32,727 35,886
========= ==========
Basic earnings per share $ .02 $ .07
========= ==========
Diluted earnings per share:
Net income $ 612 $ 2,677
========= ==========
Weighted average number of outstanding common shares 32,727 35,886
Additional shares assuming exercise of stock options 852 2,857
--------- ----------
Weighted average number of outstanding common shares
assuming full dilution 33,579 38,743
========= ==========
Diluted earnings per share $ .02 $ .07
========= ==========
</TABLE>
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