On a consolidated basis, total revenue was $7.4 billion, up 13% year-over-year.
Consolidated gross profit totaled $823 million, up 4% or $29 million compared to the prior year.
And gross margin was 11.1% compared to 12.1% the prior year.
Total adjusted SG&A expense was $503 million or 6.8% of revenue, down $23 million compared to the year-ago quarter, primarily due to continued Concentrix synergies related to the Convergys acquisition and lower Concentrix variable operating expenses.
Consolidated non-GAAP operating income was $388 million, up $50 million or 15% versus the prior year.
Non-GAAP operating margin was 5.2%, up 10 basis points compared to the prior-year period.
Total non-GAAP net income was $271 million, up $51 million or 23% over the prior year and non-GAAP diluted earnings per share was $5.21, up 22% year-over-year.
Technology Solutions revenue was $6.1 billion, up 14% or $745 million over the prior-year quarter.
Technology Solutions gross margin of 6% was 30 basis points lower than the prior-year quarter, primarily due to product mix.
Operating income of $200 million was up $34 million from the year-ago period and non-GAAP operating income was $216 million, up 22% or $38 million year-over-year.
Non-GAAP operating margin was 3.5%, 22 basis points higher than a year ago.
We expect incremental quarterly costs at a minimum of $5 million in 2021 with the goal of creating other efficiencies to offset the majority of these impacts.
Technology Solutions Q1 interest expense and finance charges are expected to be approximately $22 million to $23 million and effective tax rate is expected to be 26% for the quarter and also for fiscal 2021.
This along with stranded corporate costs of approximately $5 million, which we expect to lower over time, make the comparisons difficult.
For those who would like to produce a pro forma comparison analysis to the prior fiscal year, we suggest that along with the stranded cost to use an assumed debt of $1.5 billion at approximate 4.5% plus other financing costs of approximately $7 million per quarter and a tax rate of approximately 25%.
Please note that the Q1 2020 pro forma tax rate is approximately 15% due to stock-based comp tax benefits and FIN 48 reversals.
Post spin Technology Solutions' debt is approximately $1.6 billion and net debt is just about $200 million.
Accounts receivable totaled $2.8 billion and inventories totaled $2.7 billion as of the end of Q4.
Technology Solutions cash conversion cycle for the fourth quarter was 25 days, 16 days lower than the prior year and eight days lower than the prior quarter.
Cash generated from operations was approximately $297 million in the quarter with approximately $205 million attributable to Technology Solutions excluding inter-company settlements.
For the full year we generated $1.84 billion in operating cash flow with $1.36 billion attributable to Technology Solutions.
At the end of the fourth quarter including our cash and credit facilities, Technology Solutions had approximately $2.8 billion of available liquidity.
As a result of our improved financial performance and liquidity, our Board of Directors has approved the reinstatement of a quarterly cash dividend of $0.20 per common share.
Going forward, we intend to utilize 30% to 35% of our free cash flow for capital return programs either via dividends and/or share buybacks.
We expect revenue to be in the range of $4.5 billion to $4.8 billion.
Non-GAAP net income is expected to be in the range of $81 million to $91.5 million and non-GAAP diluted earnings per share is expected to be in the range of $1.55 to $1.75 per diluted share on weighted average shares outstanding of approximately 51.8 million.
Our Q1 non-GAAP net income and non-GAAP diluted earnings per share guidance exclude after-tax cost of $7.3 million or $0.14 per share related to the amortization of intangibles and $3.4 million or $0.07 per share related to the shareholder based compensation.
As previously indicated, we expect this change to reduce revenue by approximately $600 million per quarter although it may take some time to fully ramp up to that level.
Moving into 2022 we expect further consignment with this customer will take place, increasing the quarterly run rate to something greater than $600 million per quarter.

Summary:
Total non-GAAP net income was $271 million, up $51 million or 23% over the prior year and non-GAAP diluted earnings per share was $5.21, up 22% year-over-year.
We expect revenue to be in the range of $4.5 billion to $4.8 billion.
Non-GAAP net income is expected to be in the range of $81 million to $91.5 million and non-GAAP diluted earnings per share is expected to be in the range of $1.55 to $1.75 per diluted share on weighted average shares outstanding of approximately 51.8 million.