Teradata(US:TDC) Prnewswireยท2024-07-25 09:45Core Points - The complaint against Teradata Corporation alleges that the company made materially false and misleading statements regarding its business model and customer transaction timelines [1] - It is claimed that Teradata overstated its ability to close customer transactions in a timely manner, which affected its outlook for 2023 Annual Recurring Revenue (ARR) growth [1] - The allegations suggest that Teradata is unlikely to meet its full-year 2023 total and public cloud ARR expectations due to these issues [1] Class Action Details - The class period for the allegations is from February 13, 2023, to February 12, 2024 [4] - Shareholders who purchased shares during this period are encouraged to register for the class action and can monitor the case's progress through portfolio monitoring software [4] - The deadline for shareholders to seek lead plaintiff status is August 13, 2024 [4]