Microsoft has posted its quarterly earnings showing a record $18.06 billion in revenue marking a 7 per cent increase over last quarter. What's all the more impressive is these figures take into account the necessary deferrals made for the Windows 8 Upgrade offer.

While their revenue increased the company did suffer a net loss of $492m however the company puts this down to the aquisition of Skype and also a failed deal with aQuantative.

Steve Ballmer, Chief Executive Officer of Microsoft isn't phased however, instead focusing on what the future holds for the company,“We delivered record fourth quarter and annual revenue, and we’re fast approaching the most exciting launch season in Microsoft history,”

“Over the coming year, we’ll release the next versions of Windows, Office, Windows Server, Windows Phone, and many other products and services that will drive our business forward and provide unprecedented opportunity to our customers and partners.”

While their revenue increased the company did suffer a net loss of $492m however the company puts this down to the aquisition of Skype and also a failed deal with aQuantative.

Their Entertainment and Devices Division has done much better however posting a revenue increase of 20 per cent thanks in part to the purchase of Skype and the success of the Xbox 360 and Kinect.