Salesforce's stock plummeted 19.7% May 30th after reporting weaker-than-expected revenue of $9.13 billion for Q1, missing the $9.17 billion forecast, and issuing disappointing guidance.

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This was its first revenue miss since 2006.

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In the three months ended April 30, Salesforce's revenue was up 11% year-over-year to $9.13 billion and its earnings per share (EPS) increased 44.4% to $2.44.

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The results were mixed compared with analysts' expectations. According to CNBC, Wall Street was anticipating revenue of $9.17 billion and earnings of $2.38 per share.

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For the second quarter, Salesforce said it expects revenue in the range of $9.2 billion to $9.25 billion and EPS to land between $2.34 to $2.36. The guidance is lower than the $9.4 billion in revenue and $2.40 per share in earnings Wall Street is expecting. 

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This is due in part to "ongoing headwinds from professional services," said Amy Weaver, chief financial officer of Salesforce, in the company's earnings call, amid "deal compression and customers delaying or slowing projects." 

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For the full year, Salesforce maintained its revenue guidance of $37.7 billion to $38 billion and raised its EPS guidance to a range of $9.86 to $9.94 from $9.68 to $9.76. Analysts are expecting revenue of $38.1 billion and earnings of $9.76 per share.