Aug 7 (Reuters) - Cloud security firm Datadog ( DDOG )

forecast third-quarter revenue above Wall Street estimates on

Thursday, signaling growing demand for its services as

enterprises ramp up investment in artificial intelligence.

Shares of the New York City-based company surged more than

10% in premarket trading.

Businesses are accelerating the adoption of AI and cloud

technologies, driving increased demand for Datadog's ( DDOG ) suite of

products that monitor and secure cloud-based applications to

ensure performance, reliability, and security of these systems.

The company benefits from the broader migration to cloud

infrastructure, which has created new requirements for real-time

monitoring and analytics.

Datadog's ( DDOG ) platform, used by clients including Samsung

, NASDAQ and Comcast ( CMCSA ), enables

organizations to monitor and analyze their digital operations,

helping them to identify and resolve technical issues.

The company said it showcased 125 new innovations to "help

customers observe, secure, and act on their complex cloud

environments and AI tech stacks."

Datadog ( DDOG ) expects third-quarter revenue between $847 million

and $851 million, above analysts' estimates of $819.9 million,

according to data compiled by LSEG.

The company expects adjusted profit per share between 44

cents and 46 cents, above estimates of 42 cents.

For the second quarter, it posted revenue of $827 million,

beating estimates of $791.1 million.

On an adjusted basis, the company earned 46 cents per share

compared with the estimates of 42 cents per share.