Bill KoefoedGM, Investor RelationsMicrosoft Corporation

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.

Revenue, Operating Income, EPSAs ReportedREVENUE and EPS

AS REPORTED

$ IN BILLIONS, EXCEPT EPS

FY07 FY08 FY09 FY100.0

10.0

20.0

30.0

40.0

50.0

60.0

0.00

0.50

1.00

1.50

2.00

51.1 60.4 58.4 62.5

1.42

1.87

1.62

2.10

Revenue

EPS

Reven

ue

EP

S

FY10 Overview

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

& TV

OUR FOCUS

Stores and Marketplaces

Services and SupportMSN

Mice/KeyboardsMediaroomVisual Tools

Windows Live

“BUSINESS USERS”BPOS /

OUR FOCUS: SEGMENTS

Online Services Division

Entertainment & Devices

Windows & Windows Live

Server & Tools

& TV

Microsoft Business Division

BPOS /

CLOUD ECONOMICS = PROFIT GROWTH

We’ll sell to More Users

Capturing additional new customers Increased coverage within existing customers

We’ll earn More per Customer

Cross-sell and Up-sellNew scenarios and classes of applications

We’ll increase Customer

Satisfaction

More current softwareIncreased commitment and consistency

Long Term OutlookSHAREHOLDER COMMITMENT

Increased revenue opportunity; growth accelerated by the Cloud

Operating Expenses – continued diligent management

Sustained Profit and EPS growth

© 2010 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions,

it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.