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Microsoft generates $17.37 billion in revenue in latest quarter

Microsoft has announced its latest financial numbers and the company is doing quite well. It announced that it brought in $17.37 billion in revenue in the April-June quarter with net income coming in at $5.87 billion. The numbers beat the estimates of Wall Street analysts which had previously predicted that the company would bring in $17.23 billion in the latest quarter, according to a story on CNBC.com.

The Windows and Windows Live division had a net income of $2.9 billion for the quarter and the Server and Tools division brought in $1.8 billion in profit. The company's business division had $3.6 billion in net income for the quarter and Microsoft also reported "strong sales of the Xbox 360 entertainment platform".

However, two of Microsoft's business divisions had losses for the quarter. The Online services division had a net loss of $728 million while corporate level activity experienced the biggest loss of $1.4 billion.

In a statement Microsoft's CFO Peter Klein stated, "Throughout fiscal 2011, we delivered to market a strong lineup of products and services which translated into double-digit revenue growth, and operating margin expansion. Our platform and cloud investments position us for long-term growth."

Microsoft will be holding a conference call with investors at 5:30 pm Eastern time where it is expected that the company will go into more detail on the financial numbers and perhaps give more info on its future products including Windows 8.

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