Microsoft announces record Q3 earnings: $16.43 billion revenue, $5.23 billion net income

Well, it looks like the record quarters from tech companies just keep on coming -- this time it's Microsoft, which just reported $16.43 billion in revenue in its third-quarter results, a jump of 13 percent from the previous year, and well ahead of analysts' expectations. Net income clocked in at $5.23 billion, a whopping 31 percent increase from the previous year, with Microsoft citing strong sales of Office 2010, Xbox and Kinect as key driving factors. The company also reiterated that it's sold a staggering 350 million Windows 7 licenses so far, and said that its Entertainment & Devices Division has grown a full 60 percent year-over-year -- again, largely fueled by those record-setting sales of Kinect and continued strong sales of Xbox 360 consoles and Xbox Live. Unfortunately, Microsoft still isn't providing a whole lot in the way of specifics -- there's no mention at all of Windows Phone, for instance -- but hopefully it will have more to say during its earnings call that gets underway in less than an hour.