Dell Technologies’ DELL fourth-quarter fiscal 2020 non-GAAP earnings of $2 per share increased 14.3% on a sequential basis.Revenues inched up 1% year over year and 5% sequentially to $24.13 billion.The Zacks Consensus Estimate for earnings and revenues was pegged at $1.59 per share and $24.12 billion, respectively.Quarter in DetailProduct revenues (75.2% of revenues) declined 2.8% year over year to $18.15 billion. Services revenues (24.4%) increased 13.8% year over year to $5.88 billion.Infrastructure Solutions Group (ISG) revenues were down 11.5% year over year to $8.76 billion. The segment accounted for 36.3% of revenues. Dell Technologies Inc. Price, Consensus and EPS Surprise Dell Technologies Inc. price-consensus-eps-surprise-chart | Dell Technologies Inc. Quote This year-over-year drop was due to 18.7% fall in servers and networking revenues. Moreover, storage revenues slid 3.2% year over year to $4.49 billion.Client Solutions Group (CSG) revenues were $11.77 billion, up 8.1% year over year. The segment accounted for 48.8% of revenues.Commercial revenues grew 9.7% year over year to $8.56 billion. Moreover, consumer revenues were up 4% to $3.21 billion.VMware VMW revenues were $3.13 billion in the reported quarter, up 11.7% year over year, driven by portfolio strength. Notably, Dell has a majority stake in VMware.Operating DetailsNon-GAAP gross profit increased 4.2% year over year to $8.38 billion. Gross margin expanded 120 basis points (bps) from the year-ago quarter to 34.7%.Adjusted EBITDA rose 5.7% year over year to $3.20 billion. Adjusted EBITDA margin expanded 70 bps year over year to 13.3%.Non-GAAP operating expenses grew 4.2% year over year to $5.61 billion. Moreover, operating expenses as a percentage of revenues increased 80 bps year over year to 23.2%.ISG operating income fell 12.1% year over year to $1.11 billion. CSG operating income increased 12.4% year over year to $624 million.VMware’s operating income increased 20.7% year over year to $1.03 billion.Non-GAAP operating income was $2.77 billion, up 4.2% from the year-ago quarter. Operating margin expanded 40 bps year over year to 11.5%.Balance Sheet and Cash FlowAs of Jan 31, 2020, Dell had $10.17 billion in cash and cash equivalents compared with $9.4 billion as of Nov 2, 2019.Long-term debt as of Jan 31, 2020 was $44.32 billion.The company repaid $1.5 billion of gross debt in the reported quarter and $5 billion in fiscal 2020. The company paid down $19.5 billion in gross debt since closing the EMC transaction in September 2016.Cash flow from operations was $3.51 billion in the reported quarter compared with $1.82 billion in the previous quarter.Dell also announced a new share repurchase program of $1 billion to be completed over the next 24 months.GuidanceFor fiscal 2021, Dell expects revenues between $92 billion and $95 billion. Operating income is expected in the range of $8.9-$9.5 billion.Moreover, fiscal 2021 earnings are expected between $5.90 and $6.60 per share.Zacks Rank & Key Picks Dell currently carries a Zacks Rank #3 (Hold). Two better-ranked stocks in the broader Computer and Technology sector are Microsoft MSFT and SAP SE SAP, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rate for Microsoft and SAP SE is currently pegged at 13.2% and 9.6%, respectively.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report VMware, Inc. (VMW): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research