“We have a significant business that is related to corporate headquarter facilities and there are no people in those headquarters right now,” says Cisco CEO Chuck Robbins. “So there is a lot of discussion around what does corporate real estate look like? I personally believe that once we get through the vaccine period that people will want to get back to the offices in general. It’s going to be fine.”

Chuck Robbins, CEO of Cisco Systems discusses the impact of COVID on their business strategy considering Q4 earnings and how this will impact their future:

There Are No People In Headquarters Right Now

It doesn’t feel much different today than it did 90 days ago. We have a significant business that is related to corporate headquarter facilities and there are no people in those headquarters right now. So there is a lot of discussion around what does corporate real estate look like? I personally believe that once we get through the vaccine period that people will want to get back to the offices in general. It’s going to be fine.

We are going to use this opportunity to actually shift our investments and prepare for that moment. I think that when we get to the other side of this thing that with the strategy and the portfolio we have we are going to be fine.

Why Webex Didn’t Carry The Day For Us

I heard several comments that are questioning why Webex didn’t carry the day for us today. Webex grew double digits so we had good success with it. But in the context of our almost $50 business, it’s a small percentage. It’s a very small number in that context. We had success, it’s still growing and the teams are doing a great job.

There is a whole lot of innovation that is planned over the coming months for that platform. We’re excited about what’s going on. As we’ve talked about, it is secure and enterprise-grade and that’s where it shines.