ATLANTA, GA – – (Globe Newswire – June 17, 2024) – – A shareholder class action lawsuit has been filed against officers of Teradata Corporation (“Teradata” or the “Company”) (NYSE: TDC). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, regarding the Company’s business, operations, and compliance policies, including allegations 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 annual recurring revenue (“ARR”) growth; and (iv) as a result, the Company was unlikely to meet its full year 2023 Total and Public Cloud ARR expectations.

If you bought shares of Teradata between February 13, 2023 and February 12, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/teradata/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is August 13, 2024.