Shares of Cloudera (NYSE:CLDR) dropped sharply this morning after the company reported its fourth-quarter and fiscal year 2021 results. Despite a strong fourth quarter, investors were upset with the tech stock's guidance for the current fiscal year. 

The stock was down by 14.3% as of 10:28 a.m. EST. 

Cloudera reported non-GAAP (adjusted) diluted earnings of $0.15 per share in the fourth quarter, which easily beat Wall Street's consensus estimate of $0.11 per share. The company's fourth-quarter sales of $226.6 million also surpassed analysts' consensus estimate of $221.4 million. 

Cloudera's subscription revenue jumped 14% year over year, and its annualized recurring revenue (ARR) increased 10% in the fourth quarter.

The company's CEO, Rob Bearden, said that its Cloudera Data Platform "demonstrated significant momentum in the quarter" and represents more than 15% of the company's total customers now.

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