The filed complaint alleges that defendants made false statements and/or concealed 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) Terada failed to timely close several customer transactions that it had factored into its outlook for 2023 Annual Recurring Revenue (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.