1、 2024 Snowflake Inc.All Rights ReservedSNOWFLAKEINVESTOR PRESENTATIONThird Quarter Fiscal 2025 2024 Snowflake Inc.All Rights ReservedThis presentation includes certain non-GAAP financial measures,which have not been prepared in accordance with generally accepted accounting principles in the United S
2、tates(GAAP).These non-GAAP financial measures are in addition to,and not as a substitute for,or superior to,financial measures calculated in accordance with GAAP.There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents.For exampl
3、e,other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance,all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.Please see the Appendix for reconciliations of these non-GAAP financial
4、measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics.Non-GAAP product gross profit,operating income(loss),net income,and net income attributable to Snowflake Inc.are each defined as the respective GAAP measure,excluding,as applicable,the effect of(i)s
5、tock-based compensation-related charges,including employer payroll tax-related items on employee stock transactions,(ii)amortization of acquired intangibles,(iii)expenses associated with acquisitions and strategic investments,(iv)amortization of debt issuance costs,(v)restructuring charges,(vi)adjus
6、tments attributable to noncontrolling interest,and(vii)the related income tax effect of these adjustments as well as the non-recurring income tax expense or benefit associated with acquisitions.Non-GAAP product gross margin is calculated as non-GAAP product gross profit as a percentage of product re
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