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  "documentTitle": "2024 Investor Day",
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  "authorName": "Braze",
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  "notes": "The slide focuses on operational efficiency, specifically targeting R&D expense reduction.",
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      "kind": "list",
      "text": "R&D Levers: Expanding the use of strategic locations; Deepening our use of AI and automation to scalably maintain our existing platform and efficiently develop and test new features and functionality",
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      "text": "R&D Expense as a % of Revenue: 15.7%",
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      "text": "1) Please see the Appendix for reconciliation of non-GAAP metrics.",
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      "text": "Non-GAAP Metric 1H'25 Long-Term Target Gross Margin % 69.5% 69% - 74% S&M Expense as a % of Revenue 42.1% 23% - 25% R&D Expense as a % of Revenue 15.7% 13% - 15% G&A Expense as a % of Revenue 13.8% 8% - 10% Operating Income (Loss)% (2.1%) >20%",
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      "kind": "title",
      "text": "Realizing non-GAAP R&D efficiencies as we scale",
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