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  "documentTitle": "Procore | Investor Day Presentation Deck | 81 slides",
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      "kind": "list",
      "text": "3. Capital Return: The third lever is returning capital to shareholders. Our guiding principle is to repurchase shares to provide notable accretion to per-share targets and optimize long-term shareholder value.",
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      "text": "1. Organic & Efficient Growth: The first lever and investment priority continues to be organic and efficient revenue growth. We have significant opportunity as the technology leader serving Construction. Our sufficient capital enables us to fund business objectives and continue generating free cash flow.",
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      "text": "2. M&A: The second lever is investment in M&A. Our M&A strategy primarily focuses on accelerating our product roadmap with smaller, tuck in companies that are typically from our App Marketplace and already integrated in the Procore platform.",
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      "text": "Note: \"FCF\" refers to free cash flow. Free cash flow is a non-GAAP measure. Refer to the appendix for the definition of free cash flow and for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.",
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      "text": "Capital Allocation Priorities",
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