Core Insights - The report highlights a significant gap in information readiness among organizations, which hinders their ability to deploy AI securely and effectively [4][6] - IT leaders recognize the importance of reducing information complexity to enhance AI readiness, with 73% identifying it as a key factor [2][7] - OpenText aims to assist organizations in bridging this gap by simplifying information management and strengthening governance [3][5] Group 1: Information Readiness and AI - A majority of IT leaders express confidence in the ROI of AI, yet many organizations struggle with the necessary security and governance frameworks to support AI initiatives [4][6] - The research indicates that unstructured data is a major contributor to information complexity, affecting organizations' readiness to adopt AI [7] - Only 43% of respondents feel confident in measuring the ROI of their information management efforts [7] Group 2: AI Adoption and Challenges - 57% of IT leaders prioritize AI adoption, but 53% find it very or extremely difficult to mitigate AI-related security and legal risks [7] - Less than half of the organizations report alignment between IT security goals and AI strategy, despite a trend of hiring chief AI officers or chief digital officers [7] - Generative AI is gaining traction, with 32% of organizations having adopted it and another 26% planning to do so within six months [7] Group 3: Best Practices for AI Readiness - Organizations that have invested in AI suggest best practices for improving readiness, including protecting sensitive data, implementing responsible AI practices, and strengthening encryption [8][13] - Strong access controls and clear data classification policies are recommended to reduce sensitive data exposure [13] - Regular model bias checks and employee training are essential for ensuring ethical AI usage [13]

Appoints 25-Year OpenText Veteran James McGourlay as Interim Chief Executive Officer Board of Directors Establishes Executive Committee and Commences CEO Search Company to Continue to Explore Portfolio-Shaping Opportunities to Enhance Focus WATERLOO, ON, Aug. 11, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX) (TSX: OTEX) ("OpenText" or the "Company") today announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive ...

$1.86B of Cloud Revenues, 2.0% Y/Y growth Announces 5% increase of dividend New $300 million share repurchase program Fiscal 2025 Annual Highlights Y/Y (in millions)(1) | Total | Cloud | Profitability | | EPS | Cash Flows | | | --- | --- | --- | --- | --- | --- | --- | | Revenues | Revenues | | | | Non-GAAP Operating Free Cash | | | | | Net Income A-EBITDA GAAP | | | | Flows | | $5,168 | $1,856 | $436 | $1,784 | $1.65 | $3.82 $831 | $687 | -10.4% Y/Y 2.0% Y/Y 8.4% margin 34.5% margin -3.5% Y/Y -8.4% Y/Y -14 ...

Core Insights - OpenText Corporation reported strong preliminary revenue expectations for Q4 FY2025, estimating approximately US$1.31 billion [4] - Chadwick Westlake, the current CFO, will step down to become the President & CEO of EQB following the unexpected passing of its CEO [1][3] - Cosmin Balota, the SVP and Chief Accounting Officer, will serve as interim CFO until a long-term successor is found [2] Management Changes - Chadwick Westlake's departure is effective August 15, 2025, after the completion of OpenText's fiscal year-end reporting [1] - The company has initiated a search for a long-term CFO with the help of an executive search firm [2] - Mark J. Barrenechea, OpenText's CEO & CTO, expressed gratitude for Westlake's contributions and confidence in the finance team [3] Financial Performance - OpenText's preliminary revenue expectations for Q4 FY2025 are approximately US$1.31 billion, indicating strong performance [4][6] - The full financial results for Q4 FY2025 will be released after market close on August 7, 2025 [4] - An earnings call webcast is scheduled for August 8, 2025, to discuss the full Q4 results [5][7]

Core Insights - Open Text Corporation has appointed Kristen Ludgate to its board of directors, bringing extensive experience in global workforce and human resource strategies [1][2] - Ludgate previously served as Chief People Officer at HP Inc., where she played a key role in the company's transformation and talent management initiatives [1][2] - The board's commitment to refreshment is highlighted by the addition of five new directors with diverse skill sets over the past five years [2] Company Background - Open Text is recognized as the leading Information Management software and services company globally, offering a comprehensive suite of Business Clouds, Business AI, and Business Technology [4] - The company aims to assist organizations in solving complex global problems through its innovative solutions [4]