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  "documentTitle": "Confluent | IPO Presentation Deck | 59 slides",
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  "authorName": "Confluent",
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  "presentationDate": "2021-06-01 00:00:00",
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  "notes": "The slide highlights RPO as a superior metric to billings for their specific business model.",
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      "text": "Remaining Performance Obligations (RPO) in millions",
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      "text": "RPO represents contracted revenue that has not yet been recognized, including Deferred revenue not yet recognized, Non-cancelable backlog that will be invoiced. We are not a SaaS-only model. Our model consists of consumption-based, ratable, upfront, and service revenue components. RPO provides a good representation of our business unlike traditional SaaS metrics such as billings, which do not accurately reflect our hybrid model and billing terms.",
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      "text": "Strong Customer Commitments",
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