Cisco CEO Chuck Robbins said he’s “optimistic” about tax reform, and said that his company is one of the top five companies that would benefit from its passage.
“We see increased M&A. We see investments in innovation, innovation centers. We see the ability to do, obviously, dividends and buybacks as well. So we’ll leverage the cash across all aspects of our capital strategy,” Robbins told CNBC’s “Squawk on the Street” Friday.
Robbins said the company has been taking on debt “to a certain point” in the absence of domestic cash.
