OpenText CEO: Brexit Consequences Neutral to Our Business

The video discusses the impact of Brexit on Canadian companies, particularly those with exposure to the UK, like Open Text. Mark Barron Chase, CEO of Open Text, shares his views on the potential consequences of Brexit, including trade and political implications. He emphasizes the importance of business adaptation strategies and highlights labor and workforce considerations due to the UK's departure from the EU.

What percentage of Open Text's revenue was generated from the UK last year?

• 5%

• 10%

• 20%

• 15%

How does Mark Barron Chase view the impact of Brexit on Open Text's business?

• He believes it will have a positive impact.

• He is very concerned about the long-term effects.

• He thinks it will lead to significant losses.

• He sees it as neutral to the business.

What is a potential consequence of Brexit mentioned in the second section?

• Immediate economic growth in the UK

• Increased tariffs on Canadian goods

• Reopening and renegotiation of trade agreements

• Complete halt of UK-EU trade

How does Brexit affect the technology sector according to the transcript?

• It is largely neutral due to current treaties.

• It leads to increased competition.

• It creates significant challenges.

• It offers new opportunities for growth.

What strategic decision did Open Text make regarding its European operations?

• To expand operations in the UK

• To close its UK offices

• To run operations out of Germany

• To move employees from Germany to the UK