August 13, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against TDC

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].