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  "documentTitle": "2024 Investor Day",
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  "notes": "The table tracks Gross Margin, S&M, R&D, and G&A expenses as a percentage of revenue, alongside operating income/loss.",
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      "text": "Operating Income / (Loss) %: (2.1%)",
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      "text": "1) Please see the Appendix for reconciliation of non-GAAP metrics.",
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      "text": "Non-GAAP Metric, FY'21, FY'22, FY'23, FY'24, 1H'25, Long-Term Target, Gross Margin %, 64.1%, 67.9%, 68.5%, 69.5%, 69.5%, 69% - 74%, S&M Expense as a % of Revenue, 45.1%, 46.6%, 49.9%, 45.5%, 42.1%, 23% - 25%, R&D Expense as a % of Revenue, 18.1%, 18.2%, 19.1%, 17.0%, 15.7%, 13% - 15%, G&A Expense as a % of Revenue, 17.4%, 16.2%, 19.0%, 15.6%, 13.8%, 8% - 10%, Operating Income / (Loss) %, (16.4%), (13.0%), (19.6%), (8.5%), (2.1%), >20%",
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      "kind": "title",
      "text": "Disciplined investments driving improvements in operating leverage",
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