…Cloud Deployment = 22% of Workloads +2x vs. Five Years Ago Technology Adoption Rates, Global per Morgan Stanley 100% %) ( on pti do / A on50% etrati en P y 22% og ol hn ec T 0% 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Cloud (% of Workloads) Laptop (% of PC Sales) Cloud (% of Enterprise Workloads) Smartphone (% of Handset Sales) Online Music (% of Total Sales) Source: Morgan Stanley (5/18-3/19). Note: Estimate of Cloud workload Internet Trends penetration based on Morgan Stanley CIO survey in Q4 of each year. 117 2019