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  "documentTitle": "Snowflake | Results Presentation Deck | 25 slides",
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  "authorName": "Snowflake",
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  "presentationDate": "2020-12-01 00:00:00",
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  "notes": "The slide uses a list of bullet points to differentiate the company's billing and revenue recognition practices from standard SaaS.",
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      "text": "93% of revenue is consumption-based\nRevenue recognized variably only as consumption occurs\nIn many cases, rollover of unused capacity permitted\nContract durations increasing along with larger customer commitments\nPrimarily billed annually in advance with some on-demand in arrears\nSeeing a shift to quarterly in advance and monthly in arrears billing for largest enterprises",
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      "kind": "source-note",
      "text": "1 For the nine months ended October 31, 2020.",
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      "kind": "title",
      "text": "WE ARE NOT A SAAS MODEL",
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      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The deck showcases Snowflake's strong financial performance, customer commitments, and growth prospects",
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