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Clauder shares (CLDR – Get Report) fell sharply after the trading session on Wednesday after the company posted disappointing results and announced that its CEO, Tom Reilly, will retire on July 31.
Shares fell $ 2.57, or more than 29%, to $ 6.23 in after-hours trading.
Cloudera recorded a loss of $ 103.1 million, or 38 cents per share, on a $ 187.5 million business figure. Analysts surveyed by FactSet were expecting the company to lose 23 cents per share and a turnover of $ 188.4 million.
"Some customers in the first quarter have chosen to postpone the renewal and extension of their agreements," in anticipation of a new product offering the company said Reilly in a statement.
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