EXHIBIT 11
ULTICOM, INC. AND SUBSIDIARY
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
APRIL 30, 1999 APRIL 30, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 251 $ 961
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Weighted average number of outstanding common shares 32,727 34,100
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Basic earnings per share $ 0.01 $ 0.03
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Diluted earnings per share:
Net income $ 251 $ 961
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Weighted average number of outstanding common shares 32,727 34,100
Additional shares assuming exercise of stock options 807 2,320
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Weighted average number of outstanding common shares
assuming full dilution 33,534 36,420
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Diluted earnings per share $ 0.01 $ 0.03
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</TABLE>
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