Securities Fraud Investigation Into TELUS International (Cda) Inc. (TIXT) Announced – Investors Who Lost Money Urged to Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of TELUS International (Cda) Inc. (“TELUS” or the “Company”) TIXT investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON TELUS INTERNATIONAL (CDA) INC. (TIXT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?

On August 1, 2024, TELUS released its second quarter 2024 financial results, reporting total revenue of $652 million, a 2% year-over-year decrease, due to lower revenues from a leading social media client and other technology clients. The Company also reported a 13% year-over-year increase in revenue in its artificial intelligence business. Additionally, the Company also disclosed that its President and CEO would be retiring.

On this news, TELUS’s stock price fell $2.33, or 36%, to close at $4.15 per share, on August 2, 2024, thereby injuring investors.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.

Charles Linehan, Esq.,

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,

Los Angeles California 90067

Email: shareholders@glancylaw.com

Telephone: 310-201-9150 (Toll-Free: 888-773-9224)

Visit our website at www.glancylaw.com.

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Whistleblower Notice

Persons with non-public information regarding TELUS should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.

In the vast economic landscape, customers display robust spending capacity, sparking a continuous cycle of economic vibrancy. As per a note by Deutsche Bank’s Binky Chadha on Sept. 12, both household and corporate balance sheets stand resilient, marking a departure from historical downturn patterns.

Despite the pointed references to the historically high absolute levels of debt in various news feeds, the critical metric remains the relationship between this debt and its serviceability, a capacity that presently boasts historical strength.

Even though surveys indicate a prevailing pessimism among consumers and business managers, the hard data underscores a different narrative - one of consistent spending patterns, possibly propelled by their sturdy financial foundations.

A Decoupling of the Stock Market from Political Factors

The conventional narrative linking Donald Trump's policy stance to favorable stock market outcomes has hit a snag. Recent observations by RBC’s Lori Calvasina, dated September 23, underscore this break in correlations.

While the divergence may seem unusual, historical instances reveal a similar trend. Despite changes such as corporate tax reforms that initially raised tax rates, businesses managed to recalibrate their strategies, leading to sustainable earnings growth and subsequent stock price appreciation.

The Unyielding Power of Compound Interest

A revelatory insight into market behavior under different presidencies unveils a profound truth - investors who remained steadfast regardless of the political climate outperformed those who based their investment decisions on party affiliations. BlackRock’s Gargi Chaudhuri reinforces this point by emphasizing the unparalleled significance of staying invested in the market, attesting to the magnified benefits of long-term commitment.

U.S. Companies: A Testimony to Success

Borrowing an idea from Mario Draghi’s discourse on European competitiveness, Deutsche Bank’s Jim Reid sheds light on a striking dichotomy between U.S. and European enterprises. The noteworthy absence of a European firm, with a valuation exceeding €100 billion and established in the last 50 years, further accentuates the exceptional growth trajectory of U.S. corporations.

As noted in a previous article on TKer, the U.S. market's superior performance can be attributed to various factors such as a culture of innovation, business-friendly regulations, and robust corporate governance practices.

Exploring Financial Trends Unveiling Financial Insights: A Look into Markets and Earnings

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP (“GPM”) is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.

With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250117897057/en/

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,

Los Angeles, CA 90067

Charles Linehan

Email: shareholders@glancylaw.com

Telephone: 310-201-9150

Toll-Free: 888-773-9224

Visit our website at: www.glancylaw.com.

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Securities Fraud Investigation Into TELUS International (Cda) Inc. (TIXT) Announced – Investors Who Lost Money Urged to Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm – TELUS Intl (NYSE:TIXT)