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  "documentTitle": "Informatica | Results Presentation Deck | 71 slides",
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      "text": "Reported ARR $1mm Maintenance ARR $2mm PS Credits / Mx Discounts Initial Term Cloud ARR = (Cloud TCV - Credits) / Term) PS Credits / Mx Discounts Initial Term Cloud Subscription ARR = (Cloud TCV - Credits) / Term) Renewed Cloud Subscription ARR $2mm",
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      "text": "After Migration is Complete: When migration is complete, the maintenance contract is cancelled and Maintenance ARR goes to zero, but the amortization of credits and discounts against Cloud ARR continues until renewal of the Cloud contract.",
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      "text": "After First Cloud Renewal: Upon renewal of the Cloud contract, the migration credits have been fully amortized, so Cloud Subscription ARR increases to the actual billed ACV of the Cloud contract.",
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      "text": "Cloud ARR understated due to discounts / credits amortization against Cloud ARR",
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      "text": "Maintenance-to-Cloud Migration Illustrative Example",
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      "evidence": "list/timeline-item: During Migration Period: Customer contracts for migration, with a $2mm annual Cloud payment. Customer receives professional services and maintenance credits to incentivize the Cloud migration, which l chart/bar-horizontal: Reported ARR $1mm Maintenance ARR $2mm PS Credits / Mx Discounts Initial Term Cloud ARR = (Cloud TCV - Credits) / Term) PS Credits / Mx Discounts Initial Ter",
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