SAP, the technology giant whose software helps companies become more efficient, itself wants to become more efficient. Investors who worry they have heard it all before can at least be comforted by the watchful eye of an activist in their ranks. The German company last week announced a plan to increase profit margins by 5 percentage points over five years. Hedge fund Elliott Management, famed for noisy campaigns at companies such as Arconic and Samsung, said the same day that it had made a $1.3 billion investment in SAP and...

Source: Wall Street Journal May 02, 2019 15:10 UTC