Robbins Talks Taxes, Google, IoT
Cisco Systems CEO Chuck Robbins spoke with CNBC Friday after detailing an encouraging first quarter performance earlier in the week. The CEO covered ground ranging from the role Cisco is playing in the IoT market to his hopes for tax reform and what that could mean for the San Jose, Calif., company's capital strategy.
Robbins said Cisco would likely increase its already brisk pace of M&A, make investments in innovation and pay dividends and do stock buy-backs if it can repatriate cash held overseas as a result of tax reform currently making its way through Congress.
Robbins also discussed his outlook for Cisco's new hybrid cloud partnership with Google, as well the prospects for growth as the networking giant seizes the opportunity presented by the cloud and IoT.
What follows are excerpts of Robbins' discussion with CNBC.