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  "documentTitle": "Snowflake | Investor Presentation Deck | 38 slides",
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  "presentationDate": "2023-05-01 00:00:00",
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      "text": "Non-GAAP Operating Expenses as % of Revenue¹ FY22: S&M 43%, R&D 18%, G&A 12%; FY23: S&M 39%, R&D 18%, G&A 9%; Q1 FY24: S&M 39%, R&D 21%, G&A 8%.",
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      "text": "Non-GAAP Adjusted FCF as % of Revenue¹ FY22: 12%; FY23: 25%; Q1 FY24: 46%.",
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      "kind": "list",
      "text": "Leverage Drivers: Revenue growth, Economies of scale, Larger customer relationships, Larger renewal mix leading to lower commissions.",
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      "kind": "other",
      "text": "© 2023 Snowflake Inc. All Rights Reserved",
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      "text": "Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes. 1. Please see the Appendix for reconciliations of these non-GAAP financial measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics.",
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      "text": "Operating Leverage While Investing in Growth",
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