Microsoft released version 1.1 of PowerPoint for iPad today, July 31, 2014.
https://itunes.apple.com/us/app/microsoft-powerpoint-for-ipad/id586449534?mt=8
According to Microsoft and the Apple App Store, the new features added in version 1.1 include:
Presenter View: View and edit speaker notes, see your next slide, or jump to other slides while presenting.
Play Media: Play videos, sound effects, and background music while presenting.
Insert Video: Insert videos from your Camera Roll.
Picture Tools: Crop to focus on just the right part of the photo, or reset to undo your changes.
Presenter Tools: Now you can erase highlights and drawings on your presentation.
Send PDFs: Send PowerPoint files as PDFs.
Hyperlinks: Add links to your presentation or edit existing ones.
Fonts: Third-party fonts are now available in the Fonts menu.
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