New Delhi, Jul 10 (PTI) Shares of Tata Consultancy Services (TCS) on Friday dropped over 1 per cent after the company reported a 13.8 per cent decline in June quarter consolidated net profit.

On the BSE, the stock fell 1.22 per cent to Rs 2,177.25. It dipped 1.28 per cent to Rs 2,176 on the NSE.

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The country's largest software services firm on Thursday reported a 13.8 per cent decline in June quarter consolidated net profit at Rs 7,008 crore on revenues being impacted by the coronavirus crisis.

It expects revenues to touch pre-COVID-19 levels only by the January-March quarter of this fiscal.

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TCS had posted a consolidated net profit of Rs 8,131 crore in the year-ago period.

The company's Q1 revenue was almost flat in rupee terms at Rs 38,322 crore but was down 6.3 per cent on constant currency basis. Revenues were lower by 4.06 per cent when compared with the previous quarter's figure of Rs 39,946 crore. PTI SUM ANS ANS 07101124 NNNNat of backup goalies Diego Benaglio and Seydou Sy and forward Moussa Sylla.

Defensive midfielders Tiemoué Bakayoko, a former player who returned to Monaco on loan from Premier League Chelsea, and Adrien Silva, loaned by Leicester, are also leaving.

Monaco said it has also released seven academy players whose contracts have ended, while another academy prospect has signed for another club.

The overhaul will lighten the wage bill and comes after the club appointed Paul Mitchell as its sporting director last week.

The 38-year-old Englishman, who is widely regarded as one of the most efficient talent scouts in Europe, previously worked with RB Leipzig and Premier League clubs Southampton and Tottenham.

Eight-time French champion Monaco has been struggling with consistency since upsetting PSG to win the league three years ago, when it also reached the Champions League semifinals with an exciting brand of soccer which produced more than 150 goals that season.

Mitchell's immediate task is building a strong enough squad to return to the Champions League.

Monaco finished a modest ninth last season, having narrowly avoided relegation the season before during a turbulent campaign where it sacked Leonardo Jardim, hired former France great Thierry Henry, then sacked Henry and re-hired Jardim.

Jardim, who guided Monaco to the 2017 league title, was then fired again last December to make way for Robert Moreno.

Moreno will be hoping to keep the 29-year-old France international Ben Yedder, who is being courted by several big clubs.

French clubs resumed training this week for the new season, which is set to start on Aug. 22. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)