Microsoft has announced its financials for the year ending June 30, and the company has surpassed $10 billion in revenue in its games and services division for the first time.

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Microsoft has reported a 39 per cent increase in revenue in the division, which has been credited in large part to Xbox Live, Game Pass, and Mixer."In Gaming, we are pursuing our expansive opportunity from the way games are created and distributed to how they are played and viewed, surpassing $10 billion in revenue this year for the first time," said CEO Satya Nadella during an investors call, via Seeking Alpha "We are investing aggressively in content, community and cloud services across every endpoint to expand usage and deepen engagement with gamers. The combination of Xbox Live, Game Pass subscriptions and Mixer are driving record levels of growth and engagement."During its press conference at E3 2018, Microsoft detailed its plans to add more titles to Game Pass , as well as announcing the FastStart feature Next month at Gamescom, Microsoft is set to announce some new console bundles , and a new limited edition Xbox One X is also expected to debut. Gamescom kicks off on August 21 and wraps up August 25.

Shabana is a freelance writer who enjoys JRPGs, wine, and not finishing games. Follow her on Twitter and Instagram