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1、 2025 Snowflake Inc.All Rights Reserved 2025 Snowflake Inc.All Rights ReservedSNOWFLAKEINVESTOR PRESENTATIONFirst Quarter Fiscal 2026 2025 Snowflake Inc.All Rights Reserved2 2025 Snowflake Inc.All Rights Reserved2This presentation includes certain non-GAAP financial measures,which have not been prep

2、ared in accordance with generally accepted accounting principles in the United States(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 th

3、ese non-GAAP financial measures versus their nearest GAAP equivalents.For example,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 com

4、parison.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.Non-GAAP product gross profit,operating income,net income,and net income attributable to Snowflake Inc.are each define

5、d as the respective GAAP measure,excluding,as applicable,the effect of(i)stock-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,

6、(iv)amortization of debt issuance costs,(v)restructuring charges,net of associated income and recoveries,(vi)asset impairment related to office facility exit,net of associated sublease income,if any,(vii)adjustments attributable to noncontrolling interest,and(viii)the related income tax effect of th