Sony: Hack Hasn't Hurt Earnings

Company says attack cost it around $15M
By Rob Quinn,  Newser Staff
Posted Feb 4, 2015 12:13 AM CST
Sony's logo is seen outside the company's headquarters in Tokyo.    (AP Photo/Itsuo Inouye, File)

(Newser) – The massive Sony Pictures cyberattack has hurt Sony's ability to release financial results on time, but hasn't made much of a difference to profits, the company says. Not that there are any profits: According to a forecast released today, the company projects a $1.4 billion loss for the fiscal year ending in March, CNN reports. The Japanese firm says cyberattack "investigation and remediation" costs will add up to around $15 million but the impact on results "will not be material." The company is in the middle of a major restructuring and it says factors including strong PlayStation 4 sales have helped narrow the projected loss, the AP reports. (One cybersecurity firm says the hack blamed on North Korea was an inside job.)

My Take on This Story
Show results without voting  |