Sony hack will end up costing the company $15 million this quarter

Sony hack will end up costing the company $15 million this quarter
Last year, Sony was hit by one of the more vicious cyber attacks in corporate history, with terabytes of data stolen and splashed across the Web, including tens of thousands of private emails.

The attack will end up costing the company about $15 million this quarter, but the Sony Pictures division still managed to post a profit for the quarter.



Importantly, the company says the impact of the attack for the fiscal year ended March 31, 2015, "will not be material."

Overall sales fell 20 percent year-over-year to $1.79 billion and operating profit fell 79 percent year-over-year to $53 million as there were no huge hits with the exception of 'Fury.'

Source:
Variety


Written by: Andre Yoskowitz @ 20 Mar 2015 22:19
Tags
Sony Pictures Cyber Attack
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