[工作范文]MS_2010_AR.doc

  PAGE \* MERGEFORMAT 78 TO OUR SHAREHOLDERS, CUSTOMERS, PARTNERS, AND EMPLOYEES A year ago in my 2009 annual letter to shareholders, I reflected on the impact of the global recession and the difficulties that all businesses faced in responding to one of the most challenging economic environments in the past 80 years. Now, just 12 months later, I’m gratified to report that fiscal 2010 was a year of remarkable accomplishments. We reported record revenue and earnings per share, showed outstanding momentum across all our businesses, maintained a disciplined approach to controlling costs, and proved our deep commitment to smart investments in technology innovation. As I look back on fiscal 2010, there are three critical areas that lay the foundation for long-term growth and sustained future success: 1. Our commitment to cloud computing 2. A product portfolio that is stronger than ever 3. Our record-setting financial performance Leading the Cloud Transformation Throughout the history of the computing industry, we have seen long stretches of steady incremental improvement, punctuated by waves of intense transformation and change. Key breakthroughs – the microprocessor in the 1970s, the graphical user interface in the 1980s, and the Internet in the 1990s – revolutionized the role that information technology plays in how we manage information, run our businesses and share experiences, bringing dramatic positive change to the lives of hundreds of millions of people. Today, with the emergence of cloud computing, we’re in the midst of the next great wave of transformation and change. The cloud is revolutionizing computing by linking the computing devices people have at hand to the processing and storage capacity of massive datacenters, transforming computing from a constrained resource into a nearly limitless platform for connecting people to the information they need, no matter where they are or what they are doing. This has profound implications for the way