Today’s presentation may contain statements that are forward-looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors listed in the management discussion and analysis section of the company’s most recent Form 10-K, Forms 10- Q or in other reports and filings with the Securities and Exchange Commission. We undertake no duty to update or revise any forward- looking statements, whether as a results of new information, future events, or otherwise.

$ IN BILLIONS, EXCEPT EPS

Record revenue, operating income, and EPS Double-digit revenue growth in all segments in Q4 EPS growth of 30% vs. prior year Robust product cycle momentum Continued Cost Control and Operating Margin Expansion Operating income increase of nearly $4 billion vs. FY09 Windows 7 Office 2010 Bing Search Windows Server & SQL Introduction of Kinect Windows Azure

Increased revenue opportunity; growth accelerated by the Cloud Operating Expenses – continued diligent managementSustained Profit and EPS growth