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bumper results

Microsoft soars past $800 billion in value after bumper results

Shares of Microsoft were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. Shares of one of the technology world’s oldest and best-known names rose 4 percent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalization that was already $802 billion at close on Thursday. At least six brokerages raised their price targets on the company’s stock after the…