A month has gone by since the last earnings report for Teradata (TDC) . Shares have added about 10.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Teradata due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Teradata Q2 Earnings Beat Estimates, Revenues Fall Y/Y T ...

Group 1: Company Developments - Teradata (TDC) has been announced as the official cloud analytics partner for the Los Angeles Clippers and their new arena, Intuit Dome, set to open on August 15, 2024 [1] - The Intuit Dome will feature advanced elements such as five basketball courts, an outdoor plaza, and the largest double-sided Halo Board ever installed in an arena, enhancing the live sports experience [2] - Teradata's Halo Loft Level will provide exclusive amenities, including private theater-style seating and advanced technology integrations, aiming to elevate fan engagement [2] Group 2: Financial Performance - In Q2 2024, Teradata reported a Cloud Annual Recurring Revenue (ARR) of $542 million, reflecting a 31% year-over-year increase and a 32% increase at constant currency [4] - Despite the growth in cloud solutions, Teradata experienced a 6% year-over-year decline in overall revenues for Q2 2024, totaling $436 million [9] - The consensus estimate for Q3 2024 revenues is projected at $427.46 million, indicating a 2.41% year-over-year decline [9] Group 3: Strategic Partnerships - Teradata's expanding partner base includes major players like Datarobot, Google Cloud, Microsoft, and Amazon, which has been a significant growth driver [5] - The integration of Teradata VantageCloud Lake with Google Cloud aims to enhance AI capabilities through ClearScape Analytics and Google's AI models [5] - Teradata has renewed its Strategic Collaboration Agreement with AWS to improve cloud migration and data analytics modernization using advanced generative AI [7] Group 4: Future Outlook - Non-GAAP earnings for Q3 2024 are expected to be between 54 and 58 cents per share, with the consensus mark for earnings at 54 cents, which has increased by 7 cents in the past 30 days [10] - Despite strong partnerships and cloud growth, challenges such as on-premises erosion and elongated deal cycles are impacting overall financial performance [8]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Teradata Corporation regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during a specified class period [1][2]. Group 1: Allegations Against Teradata - The complaint alleges that Teradata's expanded business model led to longer transaction finalization times with customers, which was not disclosed [2]. - It is claimed that Teradata overstated its ability to close customer transactions within intended timeframes, impacting its outlook for 2023 Annual Recurring Revenue (ARR) growth [2]. - The company reportedly failed to close several customer transactions that were factored into its ARR expectations for 2023, leading to a likelihood of not meeting its public cloud ARR expectations [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 13, 2023, to February 12, 2024, with a deadline for shareholders to register as lead plaintiffs set for August 13, 2024 [2][3]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. - Participation in the case does not incur any cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit, fraud, and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].

Core Viewpoint - A securities class action lawsuit has been filed against Teradata Corporation for alleged violations of federal securities laws, including misleading statements about its business and financial performance, leading to significant investor losses [1]. Group 1: Allegations and Financial Performance - Teradata's fourth quarter and full year 2022 results indicated an expected increase in public cloud Annual Recurring Revenue (ARR) of 53% to 57% year-over-year, and total ARR growth of 6% to 8% year-over-year [3]. - On December 7, 2023, Teradata's CFO disclosed potential delays in a significant deal, which could result in the company falling to the low end of its previously provided cloud ARR guidance, causing a stock price drop of $2.89 per share, or 6.24% [4]. - The fourth quarter and full year 2023 results revealed that public cloud ARR increased by only 48%, and total ARR increased by just 6%, both falling short of earlier guidance, leading to a stock price decline of $10.57 per share, or 21.66% [5]. Group 2: Legal Proceedings - Investors affected by Teradata's alleged misconduct can seek to be appointed as lead plaintiffs in the class action lawsuit, with a deadline of August 13, 2024 [6]. - The class action complaint, titled Ostrander v. Teradata Corporation, is filed in the United States District Court for the Southern District of California [6].

Have you assessed how the international operations of Teradata (TDC) performed in the quarter ended June 2024? For this data management company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For inv ...

Core Viewpoint - Teradata Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its business performance and growth expectations [1][4]. Company Allegations - The lawsuit alleges that Teradata's expanded business model led to longer transaction finalization times, resulting in an overstatement of its ability to close customer transactions as planned [4]. - It is claimed that Teradata failed to close several customer transactions that were included in its outlook for 2023 Annual Recurring Revenue (ARR) growth, making it unlikely to meet its full-year expectations for Total and Public Cloud ARR [4]. Financial Impact - On December 7, 2023, Teradata's CFO indicated that a significant deal might be delayed, which could affect the company's cloud ARR, leading to a stock price drop of over 6% [5]. - On February 12, 2024, Teradata reported that due to "deal timing issues," its public cloud ARR increased by only 48% and total ARR by 6% for the full year 2023, significantly below prior expectations, resulting in a nearly 22% drop in stock price [6]. Legal Process - Investors who purchased Teradata securities during the specified class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Teradata Corporation securities between February 13, 2023, and February 12, 2024, of the upcoming lead plaintiff deadline on August 13, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Teradata securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 13, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Teradata - The lawsuit alleges that Teradata made false and misleading statements regarding its business model, which resulted in longer transaction finalization times with customers [5]. - It is claimed that Teradata overstated its ability to close customer transactions within intended timeframes and failed to meet its 2023 Total Annual Recurring Revenue (ARR) expectations [5]. - The lawsuit asserts that when the true details were revealed, investors suffered damages due to the misleading public statements made by Teradata [5].

Core Viewpoint - A securities class action lawsuit has been filed against Teradata Corporation for alleged violations of federal securities laws, including fraudulent misrepresentations and omissions regarding its business and financial outlook, leading to significant investor losses [1]. Financial Performance and Guidance - On February 13, 2023, Teradata projected a 53% to 57% year-over-year increase in public cloud Annual Recurring Revenue (ARR) and a 6% to 8% increase in total ARR for 2023 [3]. - Teradata's CFO indicated on December 7, 2023, that a significant deal might be delayed, potentially affecting the company's ARR performance, which led to a 6.24% drop in stock price [4]. - The actual results announced on February 12, 2024, showed public cloud ARR increased by only 48% and total ARR increased by 6%, both falling short of prior guidance, resulting in a 21.66% decline in stock price [5]. Legal Action and Investor Information - Investors affected by Teradata's alleged misconduct can seek to be appointed as lead plaintiffs by August 13, 2024, through Kessler Topaz Meltzer & Check, LLP [6]. - The class action complaint is filed in the United States District Court for the Southern District of California under the case name Ostrander v. Teradata Corporation, et al. [6].

Core Viewpoint - Teradata Corp. is facing a securities class action lawsuit due to allegations of making materially false and misleading statements regarding its business model, pipeline health, and revenue growth prospects between February 13, 2023, and February 12, 2024 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Teradata's expanded business model led to significant delays in closing large customer transactions, resulting in an overstatement of the company's pipeline health and revenue growth prospects [2]. - Investors reportedly began to learn the truth on December 7, 2023, when Teradata disclosed that certain large deals could be delayed, causing the stock price to drop by $2.89 per share, or 6%, closing at $43.40 per share [3]. - On February 12, 2024, Teradata announced that "deal timing issues" led to missing its previously issued Annual Recurring Revenue (ARR) guidance, resulting in a further decline of $10.57 per share, or 22%, closing at $38.22 per share on February 13, 2024 [3]. Group 2: Legal Representation and Firm Background - Bleichmar Fonti & Auld LLP is representing investors in the class action lawsuit and encourages those who lost money on their Teradata investment to submit their information to explore their rights [4]. - The firm operates on a contingency fee basis, meaning shareholders are not responsible for any court costs or litigation expenses [5]. - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm in securities class actions, having achieved notable recoveries in past cases, including over $900 million from Tesla, Inc. and $420 million from Teva Pharmaceutical Industries Ltd. [5].

Core Viewpoint - Rosen Law Firm is reminding purchasers of Teradata Corporation securities about the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors without upfront costs [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to Teradata securities purchased between February 13, 2023, and February 12, 2024, with a lead plaintiff deadline set for August 13, 2024 [1][2]. - Investors can join the class action by submitting a form or contacting the law firm directly for more information [2][5]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes its experience and success in securities class actions, having achieved significant settlements, including the largest against a Chinese company [3]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [3]. Group 3: Case Allegations - The lawsuit alleges that Teradata made false or misleading statements regarding its business model and customer transaction timelines, leading to an overstatement of its ability to meet revenue expectations [4]. - Specific claims include delays in closing customer transactions and an inability to meet the 2023 Total Annual Recurring Revenue growth expectations, which resulted in investor damages when the truth was revealed [4].