Sony spends $15 million on coping with its cyberattack woes

Sony spends $15 million on dealing with its cyberattack woes

As an alternative of saying its monetary outcomes at this time, Sony needed to merely concern a forecast for the way it’s fared within the final monetary quarter. In case you’ve got missed it, that is as a result of it is coping with the cyberattack that not solely spilled the beans on a lot of Sony’s film enterprise but in addition knocked out its accounting gear. To that finish, it is introduced that it will spend roughly $15 million this quarter to each examine and recuperate from the cyberattack. (That is to not be confused with the $15 million in restitution it provided customers final month for a separate safety breach.) The corporate in any other case raised its incomes forecast for the yr, with internet income of $756 million produced from October to December of final yr. Sony is not but carried out restructuring, nevertheless. In its cellular enterprise, it now plans to shed 2,one hundred jobs: an extra 1,one hundred positions to cuts it beforehand introduced final yr.

Regardless of this, the cellular division managed to make a slim revenue, which the corporate put right down to a more healthy (smaller) vary of smartphones — anticipate extra streamlining in 2014. Whereas Sony Footage was understandably hit hardest by the hack, the arm nonetheless managed to tug in over $20 million in revenue over the sometimes profitable vacation quarter.

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