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Datadog Raises Q3 Revenue Forecast Amid Growing Cloud Security Demand

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Datadog, the cloud security and monitoring firm, projected third-quarter revenue above Wall Street expectations on Thursday, driven by increasing enterprise investment in AI and cloud technologies. The company’s shares surged over 10% in premarket trading.

Datadog’s platform, used by clients like Samsung, NASDAQ, and Comcast, supports real-time monitoring and analytics of cloud applications to ensure performance, reliability, and security. As businesses accelerate cloud migration and AI adoption, demand for Datadog’s products has risen significantly.

The company unveiled 125 new innovations designed to enhance customers’ ability to observe, secure, and manage complex cloud and AI environments. For Q3, Datadog anticipates revenue between $847 million and $851 million, exceeding analyst estimates of $819.9 million, and adjusted earnings per share of 44 to 46 cents, above the 42-cent forecast.

In Q2, Datadog reported revenue of $827 million, beating estimates of $791.1 million, with adjusted earnings per share of 46 cents versus expected 42 cents.

Foreign Investors Pour Billions into Taiwan and South Korea Stocks Amid AI and Growth Optimism

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Foreign investors have shown renewed confidence in Asian equities for the third consecutive month in July, pouring record-level funds into Taiwan and South Korea, driven by optimism around AI technology and economic growth prospects. Taiwan attracted $7.78 billion—the highest inflow since the 2008 global financial crisis—while South Korea drew $4.52 billion, the largest since February 2024, according to LSEG data.

The MSCI Asia ex-Japan index rose 2% in July, marking its fifth straight month of gains, while Taiwan’s and South Korea’s key benchmarks advanced about 6% each. The two countries, dominant exporters of tech products, have become magnets for AI-related investments amid improving global trade relations and reduced tariff uncertainties.

South Korea’s appeal is boosted by shareholder-friendly reforms, political stability, and solid corporate fundamentals, although recent tax reform concerns have raised some investor caution.

Thailand also saw a return of foreign investment with $499 million inflows in July—the first since September last year—driven by attractive valuations following prolonged selling. However, political uncertainty, macroeconomic challenges, and a strong currency weigh on a more robust recovery, despite a 14% jump in the SET index, its best monthly performance since November 2020.

Meanwhile, Indian markets faced outflows exceeding $2 billion, breaking a three-month buying streak, while Indonesia and the Philippines also saw net withdrawals. Vietnam attracted $326 million as investors favored its strong growth outlook and favorable U.S. tariff terms.

Paycom Raises 2025 Revenue and Profit Forecasts on AI-Driven Demand

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Payroll software provider Paycom Software (PAYC.N) boosted its fiscal 2025 revenue and profit guidance on Wednesday, attributing the upward revision to increased demand driven by new AI capabilities in its platform. The company’s shares rose 7% in after-hours trading following the announcement.

Paycom now projects annual revenue between $2.05 billion and $2.06 billion, up from its previous forecast of $2.02 billion to $2.04 billion, surpassing the $2.03 billion consensus estimate. The company’s CEO, Chad Richison, highlighted the “smart AI” suite integrated into Paycom’s software, which automates workforce tasks such as drafting job descriptions and identifying employees at risk of leaving, helping employers streamline management processes.

Profit expectations for 2025 were also raised, with core profit forecasted between $872 million and $882 million, compared to prior guidance of $843 million to $858 million. In the second quarter ended June 30, Paycom reported revenue of $483.6 million and adjusted core profit of $198.3 million, both beating analyst estimates.

Despite these gains, the company’s optimism comes amid weakening U.S. labor market conditions, with July’s employment growth falling short of expectations and prior months’ payroll figures revised downward by 258,000 jobs.