As part of its Q3 earnings report this afternoon, Microsoft posted $6.06 billion in profit from $20.49 billion in quarterly revenue — down from $21.5 billion in the previous quarter, but up 18% from the same period last year. The company also announced that chief financial officer, Peter Klein, would be stepping down after nearly 11 years at the company and four years as CFO. While no reason was given for the senior executive's departure, Microsoft said that Klein would be leaving at the end of its fiscal year in July. A new CFO will be named within "several weeks."

As for the finer points of its financial progress for the quarter, Microsoft reported a 23% increase in its Windows division, despite reports of Windows 8 driving record declines in global PC shipments . The Entertainment and Devices division, which includes Xbox, generated $2.53 billion — an increase of 56% from the same quarter last year, but a 32% drop from Q2. Microsoft is reporting that Xbox Live now boasts 46 million members worldwide.

Scott Lowe is IGN's resident tech expert and Executive Editor of IGN Tech. You can follow him on Twitter at @ScottLowe and on MyIGN at Scott-IGN