Microsoft has announced its fourth quarter earnings, and the numbers look good. Really good. According to Microsoft, it earned a net income of $ 8.9 billion and a revenue of $ 30.1 billion for the quarter, which ended on June 30. This brings the total revenues for the fiscal year to a mightily-impressive $ 110.4 billion.

These results are up 17% year-over-year, and many people will see this as a vindication of CEO Satya Nadella’s renewed focus on hardware and cloud services.

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