Why is @WebContext annotation ignored in JBoss EAP 6?

Issue

• The following web service is exposed from an EJB3 :

@Stateless
@WebService
@WebContext(contextRoot = "Greetings", authMethod = "BASIC")
public class HelloBean implements HelloLocal {

    public String sayHello() {
        return "Hello ";
    }
}

• Following can be seen in the logs :

1:08:06,664 INFO  [org.jboss.ws.cxf.metadata] (MSC service thread 1-16) JBWS024061: Adding service endpoint metadata: id=HelloBean
address=http://DEVXXXXX:5002/HelloWS/HelloBean
implementor=com.xxxxx.test.HelloBean
serviceName={http://test.xxxxx.com/}HelloBeanService
portName={http://test.xxxxx.com/}HelloBeanPort
annotationWsdlLocation=null
wsdlLocationOverride=null
mtomEnabled=false

where the contextRoot value "Greetings" is ignored. Also the deployed web service can be accessed without any authentication.Why is the @WebContext is ignored?