Core Insights - Teradata is experiencing significant growth in Cloud Annual Recurring Revenue (ARR), reaching $525 million in Q1 2024, a 36% year-over-year increase at constant currency, driven by strong adoption of cloud solutions [3] - The company has expanded its partner base, including collaborations with major players like Google Cloud, Microsoft, and Amazon Web Services, which are key growth drivers [4][6] - Despite the positive cloud growth, Teradata faces challenges with on-premises erosion and elongated deal cycles, leading to a 2.3% year-over-year decline in Q1 2024 revenues, totaling $465 million [7][8] Company Developments - Teradata announced the integration of the DataRobot AI Platform with Teradata VantageCloud and ClearScape Analytics, enhancing AI capabilities for enterprises [10] - The availability of Teradata VantageCloud Lake on Microsoft Azure is expected to broaden the customer base by supporting AI and machine learning workloads [5] - The renewal and expansion of the Strategic Collaboration Agreement with AWS aims to accelerate cloud migration and enhance data analytics modernization [6] Financial Outlook - The consensus estimate for Q2 2024 revenues is $447.58 million, indicating a projected 3.12% year-over-year decline [8] - Non-GAAP earnings for Q2 2024 are expected to be between 46 and 50 cents per share, with the consensus mark at 48 cents [9]

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 the specified class period [1][2]. Group 1: Allegations - 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 goals [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 by August 13, 2024 [2][3]. - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - There is no cost or obligation for shareholders to participate in the class action [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 and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [4].

Core Viewpoint - Teradata Corporation is facing a class action securities lawsuit due to allegations of false statements and misleading information regarding its business model and financial outlook for 2023 [2][5]. Group 1: Allegations and Impact - The lawsuit claims that Teradata's expanded business model led to longer transaction finalization times with customers, which was not disclosed [2]. - It is alleged that Teradata overstated its ability to close customer transactions within intended timeframes, impacting its 2023 Annual Recurring Revenue (ARR) growth outlook [2]. - The company reportedly failed to close several customer transactions that were factored into its ARR expectations, leading to doubts about meeting its full-year 2023 public cloud ARR goals [2]. Group 2: Class Definition and Participation - The lawsuit seeks to recover losses for Teradata investors who were adversely affected by the alleged securities fraud between February 13, 2023, and February 12, 2024 [5]. - Investors have until August 13, 2024, to request the Court to appoint them as lead plaintiffs, although participation in any recovery does not require serving as a lead plaintiff [6]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [7]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [7].

Core Viewpoint - Teradata Corp. is facing a securities class action lawsuit for allegedly making false and misleading statements regarding its business model, pipeline, and revenue growth prospects between February 13, 2023, and February 12, 2024 [9] Group 1: Allegations and Impact - The lawsuit claims that Teradata's expanded business model, aimed at marketing products beyond IT units, led to significant delays in closing large customer transactions [9] - It is alleged that Teradata overstated the health of its pipeline and revenue growth prospects, which misled investors [9] - Following the revelation of potential delays in large deals on December 7, 2023, Teradata's stock price fell by $2.89 per share, or 6%, closing at $43.40 [11] - On February 12, 2024, the company announced "deal timing issues" that caused it to miss its annual recurring revenue (ARR) guidance, resulting in a stock price decline of $10.57 per share, or 22%, closing at $38.22 [11] Group 2: Legal Representation - Bleichmar Fonti & Auld LLP, a prominent law firm specializing in securities class actions, is representing the plaintiffs in this case [6] - The firm has a strong track record, having recovered over $900 million from Tesla's Board of Directors and $420 million from Teva Pharmaceutical Industries [6]

SAN DIEGO, July 15, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Teradata Corporation (NYSE: TDC) securities between February 13, 2023 and February 12, 2024. Teradata provides a connected multi-cloud data platform for enterprise analytics. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigatin ...

Core Points - Teradata Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business model and customer transaction timelines [3][5]. Group 1: Allegations - The complaint alleges that Teradata's expanded business model led to longer transaction finalization times with customers, which was not disclosed [3]. - 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 [3]. - The company is unlikely to meet its full-year 2023 total and public cloud ARR expectations due to the failure to timely close several customer transactions [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 13, 2023, to February 12, 2024 [6]. - Shareholders who purchased shares of Teradata during this period are encouraged to register for the class action and can monitor the case's status through portfolio monitoring software [6].

Core Viewpoint - A securities class action lawsuit has been filed against Teradata Corporation for alleged violations of federal securities laws, including fraudulent misrepresentations about its business and operations, leading to significant investor losses [1]. Financial Performance - Teradata reported its fourth quarter and full year 2022 financial results on February 13, 2023, projecting 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]. - On February 12, 2024, Teradata announced that Public Cloud ARR increased by only 48% for the full year 2023, which was below the company's guidance, and Total ARR increased by only 6%, at the low end of its forecast [8]. Stock Price Impact - Following the CFO's announcement on December 7, 2023, regarding a potential delay in a significant deal, Teradata's stock price fell by $2.89 per share, or 6.24%, from $46.29 to $43.40 [4]. - After the disappointing financial results announced on February 12, 2024, Teradata's stock price dropped by $10.57 per share, or 21.66%, from $48.79 to $38.22 [8]. Legal Proceedings - The lead plaintiff deadline for the class action lawsuit against Teradata is August 13, 2024, allowing investors who suffered losses to seek representation [1][9]. - The class action complaint is titled Ostrander v. Teradata Corporation, et al., and is filed in the United States District Court for the Southern District of California [9].

Class Period: February 13, 2023 - February 12, 2024 NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Teradata Corporation (NYSE: TDC), and Seritage Growth Properties (NYSE: SRG). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. To ...

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Teradata Corporation (NYSE: TDC) between February 13, 2023 and February 12, 2024, both dates inclusive (the "Class Period") of the important August 13, 2024, lead plaintiff deadline. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of t ...

Core Viewpoint - Teradata is facing significant challenges with its cloud Annual Recurring Revenue (ARR) growth, leading to a decline in stock price and a class action lawsuit due to alleged misleading statements regarding its business performance [2][4][7]. Financial Performance - Teradata's CFO indicated a potential delay in an eight-figure deal that could impact the company's cloud ARR, suggesting it may fall towards the low end or slightly below previous guidance [2]. - In its 2023 outlook, Teradata projected a 53% to 57% year-over-year increase in public cloud ARR and a 6% to 8% increase in total ARR [6]. - However, the actual results for 2023 showed public cloud ARR increased by only 48%, and total ARR increased by just 6%, which was at the low end of guidance [7]. Stock Market Reaction - Following the announcement of potential deal delays, Teradata's stock price dropped by $2.89, or 6.24%, from $46.29 to $43.40 per share [2]. - After the disappointing financial results for 2023 were disclosed, the stock price fell by $10.57, or 21.66%, from $48.79 to $38.22 per share [7]. Legal Actions - A securities class action lawsuit has been filed against Teradata for alleged violations of federal securities laws, claiming that the company made misleading statements that resulted in significant investor losses [4][8]. - Investors have until August 13, 2024, to seek appointment as lead plaintiffs in the class action [8].