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      "text": "Non-GAAP Operating Expenses as % of Revenue¹ FY22 73% (12% G&A, 18% R&D, 43% S&M) FY23 66% (9% G&A, 18% R&D, 39% S&M) FY24 66% (7% G&A, 22% R&D, 37% S&M) 7 Percentage Points decrease from FY22 to FY24",
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      "text": "Non-GAAP Adjusted FCF as % of Revenue¹ FY22 12% FY23 25% FY24 29% 17 Percentage Points increase from FY22 to FY24",
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      "text": "Leverage Drivers\nRevenue Growth\nEconomies of Scale\nLarger Customer Relationships\nLarger Renewal Mix Leading to Lower Commissions",
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      "text": "Note: Fiscal year ends January 31. Numbers are rounded for presentation purposes.\n1. 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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      "kind": "source-note",
      "text": "© 2024 Snowflake Inc. All Rights Reserved",
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      "text": "Operating Leverage While Investing in Growth",
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