TDC - Teradata Corporation (TDC) Investors: August 13 2024 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check LLP | Benzinga
RADNOR, Pa., July 15, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California against Teradata Corporation ("Teradata") (NYSE:TDC). The action charges Teradata with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Teradata's materially misleading statements and omissions to the public, Teradata's investors have suffered significant losses. The lead plaintiff deadline is August 13, 2024.
If you suffered Teradata losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/teradata-corporation?utm_source=PR&utm_medium=link&utm_campaign=tdc&mktm=r
You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at info@ktmc.com.
DEFENDANTS' ALLEGED MISCONDUCT
On February 13, 2023, Teradata issued a press release reporting its fourth quarter and full year 2022 financial results, and provided an outlook for the full year 2023. In its outlook for 2023, Teradata stated that its "Public cloud [Annual Recurring Revenue] is expected to increase in the range of 53% to 57% year-over-year" and "Total [Annual Recurring Revenue] is expected to increase in the range of 6% to 8% year-over-year." Annual Recurring Revenue, or ARR, is the annual value at a point in time of all recurring contracts, including subscription, cloud, software upgrade rights, and maintenance—and is determined, in significant part, by the number of customer transactions the company is able ...
TDC) Investors: August 13, 2024 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP>Full story available on Benzinga.com