Jan 28 (Reuters) - Gen Digital ( GEN ) topped Wall

Street estimates for third-quarter revenue and profit on

Thursday, driven by strong demand for its cybersecurity tools.

A surge in digital scams and high-profile hacks is fueling

demand for Gen Digital's ( GEN ) cybersecurity solutions, as businesses

adopt artificial intelligence (AI) technology and increasingly

deploy robust security measures to protect their systems against

evolving threats.

With its advancement, AI is enabling more sophisticated and

complex hacking techniques, escalating risk. The growing threat

is driving the need for the development of advanced

cybersecurity solutions to counter these emerging threats.

Gen Digital's ( GEN ) revenue for the third quarter ended Dec. 27

rose 4% to $986 million, beating estimates of $985.1 million,

according to data compiled by LSEG.

Its adjusted profit per share came in at 56 cents, above

analysts' estimates of 55 cents.

In December, Gen Digital ( GEN ) agreed to buy fintech firm

MoneyLion ( ML ) in an all-cash deal valued at about $1 billion,

to expand its consumer financial offerings.

The company, which offers cybersecurity solutions including

Norton, Avast and Avira, forecast an adjusted profit per share

between 57 cents and 59 cents for the fourth quarter, compared

to estimates of 58 cents.

The company expects fourth-quarter revenue to range between

$990 million and $1.01 billion, the midpoint of which came in

line with analysts' estimates.