Google had their turn just before, and now it's Redmond's turn. Microsoft have reported its second quarter 2012 earnings with record revenues of $20.9 billion, a 5-percent increase year-over-year. Microsoft's operating income, net income, and diluted earnings per share for the quarter were $7.99 billion, $6.62 billion, and $0.78 per share, respectively.

Compared to last years results of $8.17 billion, $6.63 billion and $0.77, respectively. The Online Services division, which includes Bing, lost another $458 million and Entertainment, where Xbox lives, as well as Windows operating profits, were also down. COO, Kevin Turner said in a release:

In addition to the continued strength of our commercial business, this holiday season was the strongest in Microsoft history, thanks to good sales execution and compelling products like Xbox 360 and Kinect. We are seeing a lot of excitement for new devices, from Windows 7 Ultrabooks to new Windows Phones, as well as growing anticipation for Windows 8.