Microsoft has posted its earning for it’s fiscal fourth quarter of 2008, posting the full fiscal year results alongside it. The company on a whole posted a $60.42 billion revenue for the year, up 18% over 2007.

The Entertainment Devices division, which containts the Xbox 360 and PC gaming business as well as the business for Zune, Microsoft Service and other devices and platforms posted  $1.575 billion in revenue for the quarter, compared to $1.153 billion for the same period last year. This came out to a quarterly operating loss of $188 million, compared to a loss of $1.223 billion for the fourth quarter in 2007—during that quarter, Xbox 360 warrantee expansion charged $1.1 billion back to the division. The company’s financial statement also mentioned that revenues generated from Xbox 360 and PC gaming alone for the quarter was up $234 million or 35% versus the same time last year.

Revenues for the division for the year came in $8.140 billion, compared to $6.069 billion for fiscal 2007. The division also posted a $426 million operating profit for the year, compared to the previous year’s loss of $1.969 billion. According to the report, Xbox 360 and PC gaming revenue for the year was up $1.7 billion, or 41%.

According to the report, Microsoft shipped 1.3 million Xbox 360s in the three months ending June 30th; this compares to about 700,000 shipped in the same period last year. For all of fiscal 2008 the company shipped 8.7 million consoles, compared to 6.6 million the year before.