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Whitman: We're doing OK, despite economic slowdown

Hewlett Packard Enterprise is in good shape, despite some pockets of economic weakness around the world, CEO Meg Whitman said Thursday.

"There's a lot of challenges in a lot of different economies, but we're feeling good about our technology and our offerings. There's a bit of slowdown in some economies, but I feel pretty good about where we are," she told CNBC's " Squawk Box " at the World Economic Forum in Davos, Switzerland.

Investors and economists alike are worrying about a possible slowdown in global growth. China said this week its GDP for 2015 was the weakest in 25 years. The International Monetary Fund also cut its global growth forecast for 2016 to 3.4 percent.

However, Whitman said: "Business around the globe seems quite strong to me right now. You have to remember, we have invested a lot in R&D, we have reshaped our sales force."

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She also said Hewlett-Packard's split last year has helped the company zero in on its goals. "The benefit of focus in this split is something that I underestimated," she said.

On Nov. 2, Hewlett-Packard competed a split that created two publicly traded companies: Hewlett Packard Enterprise (NYSE:HPE) and HP Inc. Enterprise sells commercial computer systems, while HP Inc. is in charge of selling personal computers and printers.

Hewlett Packard Enterprise's stock has fallen nearly 17 percent since the split was complete, while HP Inc. (HPQ)'s shares have dropped more than 30 percent, according to FactSet.

HPE since Nov. 2

Source: FactSet



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