The company pulled in a total of $15 billion in revenue over the quarter, resulting in a net income of $4.3 billion. The entertainment division contributed profits $178 million, an increase over the $167 million of profit over the same quarter last year.

"We sold 2.2 million Xbox 360 consoles, representing over 20% growth," said Microsoft senior VP Chris Liddell of the quarter, which covered the three months prior to September 30.

"Xbox 360 outsold PS3 by over 100,000 consoles over the quarter," he added, mentioning that the Xbox 360 attach rate--the average number of games purchased by each 360 owner--has now hit 8.1, an industry high.

Meanwhile, Microsoft rival Sony saw its profit over the same quarter drop by half over last year, to $754 million. A report earlier today noted that Sony's gaming division is still operating at a loss, with the company lowering expectations for its 2008 net profits by 38%.