(Reuters) -Zscaler beat Wall Street estimates for quarterly revenue and profit on Thursday, driven by strong demand for its cloud and artificial intelligence security solutions.

Enterprise spending on cyber protection solutions has increased as digital threats have gotten more sophisticated. Zscaler’s flexible purchasing program has helped it sign larger, multi-year platform deals with enterprise clients.

The company also increased its full-year revenue forecast to about $3.28 billion to $3.30 billion, from its prior outlook of $3.27 billion to $3.28 billion.

It now expects fiscal 2026 adjusted earnings per share of $3.78 to $3.82, compared with prior forecast of $3.64 to $3.68.

However, shares of the company, which have risen nearly 61% this year, fell more than 7% in extended trading

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