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I need a report which shows Leads associated with in the last Quarter as well as the revenue the Campaign has generated in the last Quarter. I have been able to build to separate reports - one report showing the Leads created in last quarter and associated with the Campaign and the other report showing the Opportunities Closed in last quarter. However, I have been unable to create a single report or create a joined report combining them.

Is there a joined report possible here wherein I can combine the 2 reports based on Campaign Name?

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There is a standard report type available that should be what you are looking to see.

Campaigns with Leads and Converted Lead Information

Campaigns with Leads and Converted Lead Information

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You can get the help for "Joined Report" from the below links :

https://help.salesforce.com/HTViewHelpDoc?id=reports_examples_joined.htm&language=en_US

https://help.salesforce.com/HTViewHelpDoc?id=reports_working_with_joined.htm&language=en_US

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