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Microsoft: Record $18 billion revenue, Entertainment division up 20%

1.1 million Xbox consoles sold during the quarter

Microsoft has announced record quarterly revenue of $18.06 billion for the quarter ended June 30, 2012.

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It's Entertainment and Devices Division revenue increased $292 million or 20%, thanks to the acquisition of Skype.

The firm sold 1.1 million Xbox consoles during the quarter, and Xbox LIVE membership increased more than 15% year over year, as Xbox dominates the hardware sales for the 18 consecutive months.

It did, however, also post its first net income loss (of $492 million) for the first time since joining the stock market in 1986. Operating income and loss per share for the quarter were $192 million and $0.06 per share.

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