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Technology - Software - Infrastructure - NASDAQ - US
$ 415.0
-2.79 %
$ 3.09 T
Market Cap
34.24
P/E
1. INTRINSIC VALUE

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions. The Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related Client Access Licenses; GitHub that provides a collaboration platform and code hosting service for developers; Nuance provides healthcare and enterprise AI solutions; and Azure, a cloud platform.[ Read More ]

The intrinsic value of one MSFT stock under the base case scenario is HIDDEN Compared to the current market price of 415 USD, Microsoft Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MSFT

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FINANCIALS
245 B REVENUE
15.67%
109 B OPERATING INCOME
23.62%
88.1 B NET INCOME
21.80%
119 B OPERATING CASH FLOW
35.36%
-97 B INVESTING CASH FLOW
-327.56%
-37.8 B FINANCING CASH FLOW
14.06%
65.6 B REVENUE
1.33%
30.6 B OPERATING INCOME
9.41%
24.7 B NET INCOME
11.94%
34.2 B OPERATING CASH FLOW
-8.11%
-15.2 B INVESTING CASH FLOW
-2.38%
-16.6 B FINANCING CASH FLOW
29.65%
Balance Sheet Decomposition Microsoft Corporation
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Current Assets 160 B
Cash & Short-Term Investments 75.5 B
Receivables 56.9 B
Other Current Assets 27.3 B
Non-Current Assets 352 B
Long-Term Investments 14.6 B
PP&E 155 B
Other Non-Current Assets 183 B
Current Liabilities 125 B
Accounts Payable 22 B
Short-Term Debt 19.9 B
Other Current Liabilities 83.4 B
Non-Current Liabilities 118 B
Long-Term Debt 83 B
Other Non-Current Liabilities 35.4 B
EFFICIENCY
Earnings Waterfall Microsoft Corporation
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Revenue 245 B
Cost Of Revenue 74.1 B
Gross Profit 171 B
Operating Expenses 61.6 B
Operating Income 109 B
Other Expenses 21.3 B
Net Income 88.1 B
RATIOS
69.76% GROSS MARGIN
69.76%
44.64% OPERATING MARGIN
44.64%
35.96% NET MARGIN
35.96%
32.83% ROE
32.83%
17.21% ROA
17.21%
27.95% ROIC
27.95%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Microsoft Corporation
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Net Income 88.1 B
Depreciation & Amortization 22.3 B
Capital Expenditures -44.5 B
Stock-Based Compensation 10.7 B
Change in Working Capital 1.82 B
Others 4.49 B
Free Cash Flow 74.1 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Microsoft Corporation
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Wall Street analysts predict an average 1-year price target for MSFT of $489 , with forecasts ranging from a low of $275 to a high of $600 .
MSFT Lowest Price Target Wall Street Target
275 USD -33.73%
MSFT Average Price Target Wall Street Target
489 USD 17.82%
MSFT Highest Price Target Wall Street Target
600 USD 44.58%
4. DIVIDEND ANALYSIS
0.17% DIVIDEND YIELD
0.83 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Microsoft Corporation
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Sold
0-3 MONTHS
78 M USD 6
3-6 MONTHS
10.9 M USD 2
6-9 MONTHS
13.4 M USD 3
9-12 MONTHS
33.2 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 days ago
Nov 12, 2024
Sell 3.05 M USD
Young Christopher David
EVP, Business Development
- 7200
423.6584 USD
2 months ago
Sep 10, 2024
Sell 1.03 M USD
Numoto Takeshi
EVP, Chief Marketing Officer
- 2500
411.043 USD
2 months ago
Sep 10, 2024
Sell 7.16 M USD
Hogan Kathleen T
EVP, Chief Human Resources Off
- 17377.576
411.8464 USD
2 months ago
Sep 09, 2024
Sell 16.1 M USD
SMITH BRADFORD L
Vice Chair and President
- 39970
402.5883 USD
2 months ago
Sep 09, 2024
Sell 12.1 K USD
SMITH BRADFORD L
Vice Chair and President
- 30
403.3 USD
2 months ago
Sep 05, 2024
Sell 15.6 M USD
Hood Amy
EVP, Chief Financial Officer
- 38000
410.5472 USD
2 months ago
Sep 04, 2024
Sell 1.13 M USD
Nadella Satya
Chief Executive Officer
- 2800
404.985 USD
2 months ago
Sep 04, 2024
Sell 2.41 M USD
Nadella Satya
Chief Executive Officer
- 5939
406.1717 USD
2 months ago
Sep 04, 2024
Sell 3.93 M USD
Nadella Satya
Chief Executive Officer
- 9648
407.0234 USD
2 months ago
Sep 04, 2024
Sell 3.02 M USD
Nadella Satya
Chief Executive Officer
- 7391
408.3398 USD
2 months ago
Sep 04, 2024
Sell 15.1 M USD
Nadella Satya
Chief Executive Officer
- 36955
409.1226 USD
2 months ago
Sep 04, 2024
Sell 5.79 M USD
Nadella Satya
Chief Executive Officer
- 14120
410.1035 USD
2 months ago
Sep 04, 2024
Sell 616 K USD
Nadella Satya
Chief Executive Officer
- 1500
410.816 USD
2 months ago
Aug 23, 2024
Sell 3 M USD
Nadella Satya
Chief Executive Officer
- 7199
417.412 USD
5 months ago
May 31, 2024
Sell 134 K USD
Numoto Takeshi
EVP, Chief Marketing Officer
- 322
416.6 USD
5 months ago
Jun 03, 2024
Sell 101 K USD
Numoto Takeshi
EVP, Chief Marketing Officer
- 244
415.53 USD
5 months ago
May 23, 2024
Sell 10.6 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 25000
425.678 USD
8 months ago
Mar 11, 2024
Sell 8.87 M USD
Hogan Kathleen T
EVP, Chief Human Resources Off
- 21955.333
403.96 USD
8 months ago
Mar 11, 2024
Sell 4.04 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 10000
403.649 USD
8 months ago
Mar 01, 2024
Sell 524 K USD
Nadella Satya
Chief Executive Officer
- 1276
410.94 USD
9 months ago
Feb 02, 2024
Sell 18.5 M USD
SMITH BRADFORD L
Vice Chair and President
- 45000
411.7784 USD
9 months ago
Feb 05, 2024
Sell 436 K USD
SMITH BRADFORD L
Vice Chair and President
- 1078
404.8921 USD
9 months ago
Feb 05, 2024
Sell 578 K USD
SMITH BRADFORD L
Vice Chair and President
- 1425
405.7466 USD
9 months ago
Feb 05, 2024
Sell 122 K USD
SMITH BRADFORD L
Vice Chair and President
- 300
406.8433 USD
9 months ago
Feb 05, 2024
Sell 81.6 K USD
SMITH BRADFORD L
Vice Chair and President
- 200
408.1 USD
9 months ago
Feb 05, 2024
Sell 123 K USD
SMITH BRADFORD L
Vice Chair and President
- 300
410.2233 USD
11 months ago
Dec 08, 2023
Sell 9.11 M USD
Hogan Kathleen T
EVP, Chief Human Resources Off
- 24680.983
369 USD
1 year ago
Nov 13, 2023
Sell 4.22 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 11500
367.377 USD
1 year ago
Sep 01, 2023
Sell 8.78 M USD
Hogan Kathleen T
EVP, Human Resources
- 26814.601
327.372 USD
1 year ago
Sep 01, 2023
Sell 3.31 M USD
Nadella Satya
Chief Executive Officer
- 10104
327.5625 USD
1 year ago
Sep 01, 2023
Sell 6.32 M USD
Nadella Satya
Chief Executive Officer
- 19241
328.2869 USD
1 year ago
Sep 01, 2023
Sell 2.06 M USD
Nadella Satya
Chief Executive Officer
- 6264
329.3014 USD
1 year ago
Sep 01, 2023
Sell 438 K USD
Nadella Satya
Chief Executive Officer
- 1325
330.2249 USD
1 year ago
Sep 01, 2023
Sell 431 K USD
Nadella Satya
Chief Executive Officer
- 1300
331.2377 USD
1 year ago
Aug 01, 2023
Sell 9.76 M USD
SMITH BRADFORD L
Vice Chair and President
- 28962
336.8867 USD
1 year ago
Aug 01, 2023
Sell 7.1 M USD
SMITH BRADFORD L
Vice Chair and President
- 21038
337.6363 USD
1 year ago
Jun 02, 2023
Sell 418 K USD
List Teri
Director
- 1250
334.7701 USD
1 year ago
May 18, 2023
Sell 1.58 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 5000
316.8707 USD
1 year ago
May 16, 2023
Sell 1.59 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 5081
312.5416 USD
1 year ago
May 09, 2023
Sell 1.54 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 5000
308.705 USD
1 year ago
May 10, 2023
Sell 1.31 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 4177
312.905 USD
1 year ago
May 05, 2023
Sell 1.55 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 5000
310.05 USD
1 year ago
May 01, 2023
Sell 9.18 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 30000
306.09 USD
1 year ago
Feb 28, 2023
Sell 1.19 M USD
Nadella Satya
Chief Executive Officer
- 4767
248.88 USD
1 year ago
Feb 13, 2023
Sell 272 K USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 1000
272.3233 USD
1 year ago
Feb 09, 2023
Sell 269 K USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 1000
269.38 USD
1 year ago
Dec 01, 2022
Sell 352 K USD
Althoff Judson
EVP, Chief Commercial Officer
- 1400
251.6071 USD
1 year ago
Dec 01, 2022
Sell 711 K USD
Althoff Judson
EVP, Chief Commercial Officer
- 2815
252.5761 USD
1 year ago
Dec 01, 2022
Sell 1.15 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 4541
253.4161 USD
1 year ago
Dec 01, 2022
Sell 1.73 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 6802
254.4833 USD
1 year ago
Dec 01, 2022
Sell 2.09 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 8186
255.5211 USD
1 year ago
Dec 01, 2022
Sell 102 K USD
Althoff Judson
EVP, Chief Commercial Officer
- 400
256.0463 USD
2 years ago
Sep 12, 2022
Sell 1.33 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 5000
266.2501 USD
2 years ago
Sep 02, 2022
Sell 19.6 M USD
Hood Amy
EVP, Chief Financial Officer
- 75351.395
259.4655 USD
2 years ago
Sep 01, 2022
Sell 3.96 M USD
Nadella Satya
Chief Executive Officer
- 15471
256.1627 USD
2 years ago
Sep 01, 2022
Sell 2.41 M USD
Nadella Satya
Chief Executive Officer
- 9366
256.8175 USD
2 years ago
Sep 01, 2022
Sell 3.72 M USD
Nadella Satya
Chief Executive Officer
- 14398
258.1669 USD
2 years ago
Sep 01, 2022
Sell 3.72 M USD
Nadella Satya
Chief Executive Officer
- 14370
258.9257 USD
2 years ago
Sep 01, 2022
Sell 857 K USD
Nadella Satya
Chief Executive Officer
- 3295
260.0665 USD
2 years ago
Sep 01, 2022
Sell 25.8 K USD
Nadella Satya
Chief Executive Officer
- 99
260.74 USD
2 years ago
Mar 01, 2022
Sell 2.35 M USD
Nadella Satya
Chief Executive Officer
- 7931
296.5245 USD
2 years ago
Feb 08, 2022
Sell 8.49 M USD
SMITH BRADFORD L
President and Vice Chair
- 27860
304.6364 USD
2 years ago
Jan 31, 2022
Bought 498 K USD
Walmsley Emma N
Director
+ 1600
311.5281 USD
2 years ago
Jan 28, 2022
Bought 502 K USD
Walmsley Emma N
Director
+ 1700
295.4803 USD
2 years ago
Dec 07, 2021
Sell 553 K USD
List Teri
Director
- 1650
334.8955 USD
2 years ago
Nov 22, 2021
Sell 7.65 M USD
Nadella Satya
Chief Executive Officer
- 22483
340.1752 USD
2 years ago
Nov 22, 2021
Sell 4.63 M USD
Nadella Satya
Chief Executive Officer
- 13558
341.4757 USD
2 years ago
Nov 22, 2021
Sell 26.8 M USD
Nadella Satya
Chief Executive Officer
- 78387
342.3622 USD
2 years ago
Nov 22, 2021
Sell 38 M USD
Nadella Satya
Chief Executive Officer
- 110677
343.3285 USD
2 years ago
Nov 22, 2021
Sell 3.73 M USD
Nadella Satya
Chief Executive Officer
- 10847
344.3051 USD
2 years ago
Nov 22, 2021
Sell 15 M USD
Nadella Satya
Chief Executive Officer
- 43387
345.3587 USD
2 years ago
Nov 22, 2021
Sell 9.42 M USD
Nadella Satya
Chief Executive Officer
- 27178
346.4781 USD
2 years ago
Nov 22, 2021
Sell 18.7 M USD
Nadella Satya
Chief Executive Officer
- 53924
347.3461 USD
2 years ago
Nov 22, 2021
Sell 14.5 M USD
Nadella Satya
Chief Executive Officer
- 41691
348.328 USD
2 years ago
Nov 22, 2021
Sell 5.99 M USD
Nadella Satya
Chief Executive Officer
- 17160
349.2243 USD
2 years ago
Nov 23, 2021
Sell 19.6 M USD
Nadella Satya
Chief Executive Officer
- 58581
334.3696 USD
2 years ago
Nov 23, 2021
Sell 45.4 M USD
Nadella Satya
Chief Executive Officer
- 135450
335.1057 USD
2 years ago
Nov 23, 2021
Sell 36.3 M USD
Nadella Satya
Chief Executive Officer
- 107917
336.1191 USD
2 years ago
Nov 23, 2021
Sell 30.4 M USD
Nadella Satya
Chief Executive Officer
- 90075
337.1503 USD
2 years ago
Nov 23, 2021
Sell 6.62 M USD
Nadella Satya
Chief Executive Officer
- 19569
338.041 USD
2 years ago
Nov 23, 2021
Sell 2.61 M USD
Nadella Satya
Chief Executive Officer
- 7700
338.9869 USD
3 years ago
Nov 02, 2021
Sell 18.2 M USD
Althoff Judson
EVP, Chief Commercial Officer
- 54757
332.2833 USD
3 years ago
Nov 01, 2021
Sell 18.1 M USD
SMITH BRADFORD L
President and Vice Chair
- 55000
328.6009 USD
3 years ago
Sep 10, 2021
Sell 5.97 M USD
Hogan Kathleen T
EVP, Human Resources
- 20000
298.677 USD
3 years ago
Sep 10, 2021
Sell 2.99 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 10000
298.8176 USD
3 years ago
Sep 01, 2021
Sell 18.2 M USD
Hood Amy
EVP, Chief Financial Officer
- 60000
303.083 USD
3 years ago
Sep 01, 2021
Sell 2.98 M USD
Nadella Satya
Chief Executive Officer
- 9877
301.9371 USD
3 years ago
Sep 01, 2021
Sell 11.3 M USD
Nadella Satya
Chief Executive Officer
- 37181
303.0176 USD
3 years ago
Sep 01, 2021
Sell 7.51 M USD
Nadella Satya
Chief Executive Officer
- 24715
303.9974 USD
3 years ago
Sep 01, 2021
Sell 1.16 M USD
Nadella Satya
Chief Executive Officer
- 3800
304.7397 USD
3 years ago
May 12, 2021
Sell 360 K USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 1500
240 USD
3 years ago
May 13, 2021
Sell 591 K USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 2414
244.8846 USD
3 years ago
May 10, 2021
Sell 2 M USD
SMITH BRADFORD L
President
- 8000
250.2701 USD
3 years ago
May 07, 2021
Sell 1.54 M USD
Capossela Christopher C
EVP, Chief Marketing Officer
- 6086
252.6636 USD
3 years ago
Mar 10, 2021
Bought 1.02 M USD
Walmsley Emma N
Director
+ 4300
236.8 USD
3 years ago
Mar 02, 2021
Sell 24.7 M USD
Nadella Satya
Chief Executive Officer
- 105328
234.1172 USD
3 years ago
Mar 02, 2021
Sell 31.4 M USD
Nadella Satya
Chief Executive Officer
- 133758
235.0381 USD
3 years ago
Mar 02, 2021
Sell 189 K USD
Nadella Satya
Chief Executive Officer
- 800
236.6967 USD
3 years ago
Mar 02, 2021
Sell 9.15 M USD
Nadella Satya
Chief Executive Officer
- 38808
235.863 USD
7. News
Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows The Three Mile Island restart could mark a turning point for a nuclear industry that once faced a wave of power plant closures due to poor economics. The fortunes of the industry have shifted dramatically this year as the tech sector turns to nuclear power to meet the electricity demand of artificial intelligence. cnbc.com - 21 hours ago
3 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $500 Right Now The AI boom still has a long way to go, and any of these three stocks offer a great way to invest in the long-term potential. fool.com - 23 hours ago
Billionaire Bill Gates Has 80% of His $45 Billion Portfolio in Just 4 Stocks The billionaire philanthropist has two dozen stocks in his portfolio, but just four are worth more than all his other holdings combined. fool.com - 1 day ago
Elon Musk targets Microsoft in expanded OpenAI lawsuit Billionaire alleges Microsoft and OpenAI illegally sought to monopolize AI market and sideline competitors theguardian.com - 1 day ago
Elon Musk Adds Antitrust Claims to Lawsuit Against OpenAI Elon Musk added antitrust claims against OpenAI and Microsoft to his existing lawsuit against OpenAI. Musk claimed the companies colluded to remove competition in artificial intelligence, according to an amended lawsuit filed late Thursday (Nov. 14). pymnts.com - 1 day ago
Microsoft/Xbox (NASDAQ: MSFT) Consumer Data Concerns - Levi & Korsinsky, LLP Announces an Investigation NEW YORK, NY / ACCESSWIRE / November 15, 2024 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individuals who purchased video games through the Microsoft/Xbox website. Reports suggest that legally protected data may have been intercepted during transactions, particularly for customers who purchased video games featuring cut scenes or cinematics. accesswire.com - 1 day ago
Elon Musk expands lawsuit against OpenAI, blasts ‘ill-gotten gains' with Microsoft Like Musk's original August complaint, it accused OpenAI and its CEO, Sam Altman, of violating contract provisions by putting profits ahead of the public good in the push to advance AI. nypost.com - 1 day ago
Musk expands lawsuit against OpenAI, adding Microsoft and antitrust claims Billionaire entrepreneur Elon Musk expanded his lawsuit against ChatGPT maker OpenAI, adding federal antitrust and other claims and adding OpenAI's largest financial backer Microsoft as a defendant. reuters.com - 1 day ago
ISG to Assess Microsoft AI and Cloud Ecosystem Providers STAMFORD, Conn.--(BUSINESS WIRE)---- $III #AI--ISG has launched a study examining service providers supporting use of Microsoft solutions as the software company continues its push into AI. businesswire.com - 1 day ago
Musk Ramps Up Legal Fight With OpenAI, Microsoft The billionaire accused the ChatGPT maker of anticompetitive behavior in new court filings. wsj.com - 1 day ago
Magnificent 7 Are Alive And Well, But A Rest Is Inevitable The "Magnificent-7" tech giants reported strong earnings results for the September quarter, with only Tesla failing to deliver a double beat on top and bottom-line estimates. In this note, we briefly discuss Mag-7 earnings and CAPEX + R&D spending to gauge future ambitions. Despite healthy business momentum, "Mag-7" stock valuations appear stretched, suggesting a cautious approach amid an uncertain macroeconomic backdrop. seekingalpha.com - 1 day ago
Elon Musk adds Microsoft as a defendant in OpenAI lawsuit, accusing them of anticompetitive conduct Elon Musk has added Microsoft as a defendant to an amended lawsuit against OpenAI. The suit, which also adds Reid Hoffman as defendant, accuses Microsoft and OpenAI of forming a monopoly. businessinsider.com - 1 day ago
8. Profile Summary

Microsoft Corporation MSFT

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 3.09 T
Dividend Yield 0.17%
Description Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions. The Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related Client Access Licenses; GitHub that provides a collaboration platform and code hosting service for developers; Nuance provides healthcare and enterprise AI solutions; and Azure, a cloud platform. It also offers enterprise support, Microsoft consulting, and nuance professional services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions; and training and certification on Microsoft products. The More Personal Computing segment provides Windows original equipment manufacturer (OEM) licensing and other non-volume licensing of the Windows operating system; Windows Commercial, such as volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; and Windows Internet of Things. It also offers Surface, PC accessories, PCs, tablets, gaming and entertainment consoles, and other devices; Gaming, including Xbox hardware, and Xbox content and services; video games and third-party video game royalties; and Search, including Bing and Microsoft advertising. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online stores, and retail stores. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.
Contact One Microsoft Way, Redmond, WA, 98052-6399 https://www.microsoft.com
IPO Date March 13, 1986
Employees 228000
Officers Mr. Judson B. Althoff Executive Vice President & Chief Commercial Officer Ms. Carolina Dybeck Happe Executive Vice President & Chief Operating Officer Mr. Hossein Nowbar Chief Legal Officer Ms. Alice L. Jolla Corporate Vice President & Chief Accounting Officer Mr. James Kevin Scott Executive Vice President of AI & Chief Technology Officer Mr. Christopher David Young Executive Vice President of Business Development, Strategy & Ventures Mr. Brett Iversen Vice President of Investor Relations Mr. Bradford L. Smith LCA President & Vice Chairman Ms. Amy E. Hood Executive Vice President & Chief Financial Officer Mr. Satya Nadella Chairman & Chief Executive Officer