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  "documentTitle": "Snowflake | Results Presentation Deck | 26 slides",
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  "presentationDate": "2021-05-01 00:00:00",
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  "notes": "The slide uses a list of bullet points to differentiate the company's revenue recognition and billing 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, generally on the purchase of additional capacity\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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      "text": "1 For the three months ended April 30, 2021.",
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      "kind": "title",
      "text": "WE ARE NOT A SAAS MODEL",
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