Faruqi & Faruqi Reminds TELUS International Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 – TIXT

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against TELUS International due to allegations of misleading statements and declining financial performance, particularly related to the company's shift towards AI solutions [3][5]. Financial Performance - TELUS International reported a $29 million decline in revenue year-over-year for Q1 2024, with a significant drop in share price of 18.15% on May 9, 2024 [6]. - For Q2 2024, the company experienced a $5 million quarter-over-quarter and $15 million year-over-year revenue decrease, alongside a 15% quarter-over-quarter adjusted EBITDA decrease [7]. - The adjusted EBITDA margin fell from 23.3% to 19.9%, prompting a reduction in full-year fiscal guidance [7]. Legal Allegations - The complaint against TELUS International alleges that the company and its executives violated federal securities laws by making false or misleading statements regarding the impact of AI Data Solutions on profitability and margins [5]. - Specific claims include that the shift towards AI required cannibalization of higher-margin offerings and that the declining profitability was tied to this strategic shift [5]. Management Changes - Jeff Puritt, the then-President and CEO, announced his retirement effective September 3, 2024, amid the company's transition towards a more technology-centric and AI-focused business model [7]. Investor Actions - Investors who suffered losses exceeding $50,000 between February 16, 2023, and August 1, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][3].