BREAKING NEWS

BREAKING NEWS

SAP CEO welcomes Elliott as 'fantastic investor'

SAP CEO welcomes Elliott as 'fantastic investor'
FILE PHOTO: SAP SE CEO Bill McDermott attends the company's annual results press conference in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski -
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Ralph Orlowski(Reuters)
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(Reuters) - SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion (993.2 million pounds) investment by activist investor Elliott, saying it was aligned with his goal of expanding margins through driving top-line growth.

"They have been a fantastic investor. I am very proud they have chosen SAP," McDermott told reporters at SAP's annual U.S. user conference in Orlando.

(Reporting by Douglas Busvine; Editing by Edward Taylor)

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