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  "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)",
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  "presentationDate": "2022-10-19 00:00:00",
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  "notes": "The chart uses a 'Rule of 40' style metric (Growth + Margin). Splunk is highlighted in red at the far right.",
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      "text": "We believe there is opportunity to achieve a better balance of growth and profitability",
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      "text": "As a result of the consistent misexecution, Splunk's operational performance is significantly worse than its peers.",
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      "text": "Source: Public company filings, Capital IQ. Note: Calculation above is done as CY22E-24E Revenue CAGR + CY22E FCF margins...",
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      "text": "As a result of the consistent misexecution, Splunk's operational performance is significantly worse than its peers.",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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