Shares of Cloudera (CLDR - Get Report) fell sharply in after-hours trading Wednesday after the company reported disappointing results and said its CEO, Tom Reilly, will retire July 31.

The stock fell $2.57, or more than 29%, to $6.23 in after-hours trading.

Cloudera posted a loss of $103.1 million, or 38 cents a share, on revenue of $187.5 million. Analysts surveyed by FactSet had expected the company to lose 23 cents a share and revenue of $188.4 million.

"Some customers in the first quarter elected to postpone renewal and expansion of their agreements" ahead of a new product offering from the company, Reilly said in a statement.