diff --git a/.gitignore b/.gitignore
index ec8b4dd..fe236fe 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,3 +1,4 @@
 /iperf-3.0b4.tar.gz
 /iperf-3.0b5.tar.gz
 /iperf-3.0.tar.gz
+/iperf-3.0.1.tar.gz
diff --git a/iperf3.spec b/iperf3.spec
index f9e7691..900a163 100644
--- a/iperf3.spec
+++ b/iperf3.spec
@@ -1,12 +1,12 @@
 Name:	iperf3
-Version: 3.0	
+Version: 3.0.1
 Release:	1%{?dist}
 Summary: Measurement tool for TCP/UDP bandwidth performance
 
 Group:	 Applications/Internet	
 License: BSD	
 URL:	 http://code.google.com/p/iperf/
-Source0: http://stats.es.net/software/iperf-3.0.tar.gz
+Source0: http://stats.es.net/software/iperf-%{version}.tar.gz
 BuildRoot:	%(mktemp -ud %{_tmppath}/%{name}-%{version}-%{release}-XXXXXX)
 BuildRequires: libuuid-devel	
 
@@ -16,7 +16,7 @@ various parameters and UDP characteristics. Iperf reports bandwidth, delay
 jitter, data-gram loss.
 
 %prep
-%setup -q -n iperf
+%setup -q -n iperf-%{version}
 
 %build
 %configure
@@ -41,6 +41,9 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* Tue Jan 14 2014 Susant Sahani <ssahani@redhat.com> 3.0.1-1
+- Update to 3.0.1
+
 * Fri Oct 25 2013 Steven Roberts <strobert@strobe.net> 3.0-1
 - Update to 3.0
 
diff --git a/sources b/sources
index 19d8d5c..2c7c58d 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-0513102f3a6c5b3055982d7d00fd1854  iperf-3.0.tar.gz
+1bb10c8144460f1b7ce9a4bba55d8dcd  iperf-3.0.1.tar.gz