Microsoft's latest quarterly financial report, for the three months that ended on June 30, 2014, has just been released. The Redmond, Washington-based company reports its revenue went to $23.38 billion for its FY14 Q4 time period, up 18 percent compared to a year ago, with a net income of $4.61 billion.

Microsoft reports that its Devices and Consumer revenue went up three percent to $10 billion, up 42 percent compared to the same time period a year ago. Windows OEM revenue went up by three percent, due in part to an 11 percent growth in Windows OEM Pro revenue.Office 365 Home and Personal subscribers increased to 5.6 million, by adding more than 1 million subscribers in the past quarter.

Microsoft's acquisition of Nokia's Devices and Services division in late April contributed $1.99 billion in revenue to the company for the quarter. Microsoft said it brought in $409 million in revenue from its Surface tablet division. Microsoft also sold in 1.1 million Xbox consoles during the quarter, compared to 1.0 million from the same period a year ago.

For Microsoft's full fiscal 2014 year, the company generated $86.833 billion in revenue, compared to $77.849 billion for its fiscal 2013 year. It had a net income in fiscal 2014 of $22.074 billion, compared to $21.863 billion in fiscal 2013.

Microsoft will hold its quarterly financial conference call with financial analysts at 5:30 pm Eastern time today, and CEO Satya Nadella is expected to take part in the call.

Source: Microsoft