TELUS International Faces Investigation Over Stock Price Plunge

Leading Law Firm Examines Potential Securities Law Violations by TELUS

ATTENTION TELUS INTERNATIONAL (CDA) INC. (TIXT) INVESTORS: IF YOU INCURRED LOSSES, CLICK HERE TO LEARN HOW TO RECOVER YOUR FUNDS.

What Happened?

On August 1, 2024, TELUS International (Cda) Inc. (“TELUS”) TIXT announced its second quarter 2024 financial results. The company reported a total revenue of $652 million, reflecting a 2% decrease compared to the same period last year, largely attributed to reduced earnings from a top social media client and other technology clients. However, the company’s artificial intelligence business saw a positive note, with a 13% increase in revenue year-over-year. Compounding these issues, TELUS also revealed that its President and CEO would be retiring.

Following this announcement, TELUS’s stock plummeted $2.33, or 36%, closing at $4.15 per share on August 2, 2024, inflicting significant losses on investors.

How to Get Involved or Find Out More:

Investors seeking further information or individuals with questions regarding this investigation are encouraged to reach out.

Contact:

Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice

Individuals with confidential information about TELUS are invited to consider participating in the investigation or the SEC Whistleblower Program. Under this program, whistleblowers providing valuable information may receive rewards amounting to up to 30 percent of any recovery resulting from SEC actions. For further information, please contact Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP (“GPM”) is a prominent law firm dedicated to representing investors and consumers in complex securities litigation and class action lawsuits. Consistently ranked in the Top 50 for Securities Class Action Settlements by ISS Securities Class Action Services, GPM was acknowledged in 2018 as a leading law firm for both the number of settlements and the total value of settlements achieved.

With four offices nationwide, GPM’s team of nearly 40 attorneys has successfully recovered billions of dollars for clients involved in various corporate misconduct cases across multiple industries. GPM’s significant legal victories have garnered widespread attention from major news outlets including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

This announcement may be considered Attorney Advertising in certain jurisdictions according to applicable laws and ethical standards.

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.