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  "notes": "The chart uses a broken axis for the higher multiples (ORCL, NOW).",
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      "text": "Price / CY2025E Free Cash Flow",
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      "text": "Source: Capital IQ, Visible Alpha. Market data as of October 18, 2024. Starboard has identified ADBE, INTU, MSFT, NOW, ORCL, SAP, and WDAY as the relevant peer set for comparison with CRM.",
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