Alphabet, the parent company of Google, won over Oracle in court. The arguement started in 2010. The shares of Google and Oracle reacted positively. The plaintiff wanted $9 billion of compensation. The Supreme Court of the USA claimed Alphabet innocent.
Oracle reported the results of Q3 of financial 2021: the revenue rose by 2.95%, the income – by 95%. The statistics were beyond Wall-Street expectations, unlike the forecasts for the current quarter. As a result, the shares dropped by 6.53%.