Friday, January 23, 2015

Sony postpones earnings call due to Sony Pictures hack

Sony has postponed its quarterly earnings report by a month and a half due to the cyberattack on Sony Pictures in November 2014, the company announced Friday
In an application filed with the Financial Services Agency of Japan (FSA), Sony asked that the earnings report deadline for the third quarter of the fiscal year ending March 31, 2015 be moved from Feb. 16, 2015, to Mar. 31, 2015
As for the reasoning behind the request, Sony claims the "highly sophisticated and damaging cyberattack" on Sony Pictures caused "a serious disruption of
SPE’s network systems (...) including the destruction of network hardware." As a result, most of Sony Pictures' financial, accounting and other tech applications won't be functional until early Feb. 2015 Read more...

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