Teradata Sheds Investor Lawsuit Over Customer Cloud Expectations

Teradata Corp. beat stockholder allegations that the data analytics company concealed headwinds to its annual recurring revenue growth while it boosted its cloud-storage business.

The investor leading the lawsuit failed to allege Teradata’s statements about rising client scrutiny, economic trends, and elongated deals contradicted the reality that ARR growth would miss expectations, Judge Cathy Ann Bencivengo said.

While shareholder Brian Jurko said he alleged “pervasive customer scrutiny of deals and elongated deal cycles” backed up by former employee accounts to plead materially misleading omissions, those facts didn’t necessarily contradict “statements that there was customer scrutiny and volatility, but no ...