DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Teradata

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Teradata To Contact Him Directly To Discuss Their Options

If you suffered losses exceeding $100,000 investing in Teradata stock or options between February 13, 2023 and February 12, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/TDC.

New York, New York--(Newsfile Corp. - August 5, 2024) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC) and reminds investors of the August 13, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) under Teradata's expanded business model, which involved engagement with additional customer business units and decisionmakers, transactions with the Company's customers took longer to finalize; (ii) Teradata thus overstated its ability to close customer transactions within their intended timeframes under its expanded business model; (iii) Teradata failed to timely close several customer transactions that it had factored into its outlook for 2023 ARR growth; (iv) as a result, the Company was unlikely to meet its full year 2023 Total and Public Cloud ARR expectations; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

On December 7, 2023, at a Barclays Global Technology Conference Teradata's Chief Financial Officer Defendant Claire Bramley revealed that the Company had "an eight-figure deal that potentially [. . .] could get pushed out [of Q4 2023]", the effect of which "could put [the Company] towards the low end or slightly below the range for cloud ARR that [it] previously gave."