Third QuarterFiscal Year 2014 Results

Agenda

Financial Summary – FY14 Q3

Quarterly Highlights Cloud momentum helps drive Q3 results

Update on Nokia

Devices & Consumer

D&C LicensingResults driven primarily by increased Windows OEM and Office Consumer revenue

D&C HardwareContinued growth in our Xbox and Surface devices

D&C OtherResults driven by search advertising and Office 365 Home

Commercial

Commercial SegmentsResults driven by continued cloud momentum

Appendix

Reconciliation of GAAP and non-GAAP Financial Measures

Reconciliation of GAAP and non-GAAP Financial Measures