Menu
Sony delays earnings report in wake of hack attack

Sony delays earnings report in wake of hack attack

Damage to its network systems means some data won't be ready, it says.

Sony has requested approval to delay its third-quarter earnings report, citing damage to network systems in its Sony Pictures Entertainment division caused by the cyberattack it sustained late last year.

The November attack, which the FBI has http://www.techworld.com/news/security/fbi-blames-north-korea-for-sony-hack-citing-malware-evidence-3591744/">concluded was conducted by North Korea in order to protest release of the comedy film "The Interview," has resulted in new U.S. economic http://www.pcworld.com/article/2864292/white-house-approves-sanctions-against-north-korea-for-sony-hack.html">sanctions against the communist nation. Though it was initially pulled from theatrical release, the movie -- depicting a planned assassination of North Korean leader Kim Jong Un -- was ultimately released in late December and earned more than $1 million on its opening day.

Sony Pictures, however, was left reeling from "a serious disruption" to its systems, the company explained in an http://www.sony.net/SonyInfo/IR/news/20150123_E.pdf">application with the Financial Services Agency of Japan on Friday. Included in the damage was "the destruction of network hardware and the compromise of a large amount of data on these systems," it said.

Sony Pictures shut down its entire network in response to the attack. While restoration work is under way, its financial and accounting applications won't be fully functional until early February 2015, it said.

As a result, it requested an extension of its regular Feb. 16 deadline for filing the report until March 31.

Although its results won't yet be ready, Sony will still stick to its previously scheduled Feb. 4 date for issuing a release and holding an earnings conference, it said, "so as to provide investors, shareholders, analysts, media and other stakeholders with updated forecasts."

The impact of the cyberattack on Sony's financial results does not appear to be material, Sony said, though it admitted its evaluation is still ongoing.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business managementbusiness issuessonyreportingfinancial results

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments