Cisco Systems Inc (CSCO)

[Gbathat]

CSCO CFO in Nov on tax reform impact "What I'd say is in terms of acquisitions, the tax policy isn't impacting us either way because we are lucky to have a great cash flow and access to capital. So, it hasn't been stopping us from anything from an acquisition perspective and it won't. So, that will continue.

I would say we're definitely encouraged by the progress that's going on, on the tax reform. So, like we said in the past, when that happens and if we get a repatriation which both plans currently have, we're going to continue like we have, growing or dividend with our earnings growth and where we have opportunity is really to get much more aggressive than we have been on the share buyback and of course we want to make sure we continue to have enough firepower to continue to be able to do the right acquisitions to help position Cisco right for the long term. "

https://www.fool.com/earnings/call-transcripts/2017/11/16/cisco-systems-csco-q1-2018-earnings-conference-cal.aspx