INVESTOR DEADLINE TUESDAY: Robbins Geller Rudman & Dowd LLP Announces that Teradata Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - TDC

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].