BlackBerry Sees Sales Growth Still a Year Away

BlackBerry Ltd. said sales won’t grow until the fiscal year that begins next March, showing the tough road ahead even after cost-cutting helped the smartphone maker post a smaller quarterly loss than analysts estimated.

“There’s no doubt in my mind the revenue will come -- no doubt,” Chief Executive Officer John Chen told reporters today at a briefing at BlackBerry’s headquarters in Waterloo, Ontario. “When will that happen? Probably not fiscal year 2015. Probably more like fiscal year 2016, when our yield and margin are stable and our revenue growth kick us into profitability.”