Akamai Technologies Inc. and iStreamPlanet Co. have been selected to work with Microsoft Corp. to provide an integrated, end-to-end solution to deliver live and on-demand video online for NBC during the network's coverage of the Vancouver Olympic Winter Games, February 12-28. The solution will leverage Microsoft IIS Smooth Streaming to deliver an uninterrupted, high-quality streaming experience to online audiences via Microsoft Silverlight-based media players. iStreamPlanet will be providing turnkey satellite downlink encoding and production services to the Smooth Streaming for Silverlight format and the video will be delivered to online audiences over the Akamai HD Network. iStreamPlanet will be encoding 23 video feeds including nine venue feeds, four broadcast feeds, one Olympic News Channel, six Beauty Cams, two Victory Ceremonies and one Press Conference. iStreamPlanet is collaborating with Akamai on the content ingestion and publishing points management architecture to make sure all created content is delivered in the possible quality. The Akamai HD Network offers adaptive bitrate streaming capabilities across playback formats that are specifically optimized to work with Akamai's HD EdgePlatform for the most consistent video bitrate switching designed to enable an instant and uninterrupted viewing experience for consumers even at the bitrates. Leveraging Akamai's entire HTTP footprint, video over Akamai's HD Network is delivered from servers closer to audiences around the world.

Akamai Technologies Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2009. Revenue for the third quarter 2009 was $206.5 million, a 5% increase over third quarter 2008 revenue of $197.3 million, and a 1% increase from second quarter 2009 revenue of $204.6 million. Net income in accordance with United States Generally Accepted Accounting Principles, or GAAP, for the third quarter of 2009 was $32.7 million, or $0.18 per diluted share, a 2% decrease over third quarter 2008 GAAP net income of $33.4 million, or $0.18 per diluted share, and a 9% decrease from second quarter 2009 GAAP net income of $36.0 million, or $0.19 per diluted share. Cash from operations was $105 million in the third quarter of 2009. Income before income tax provision was $52.9 million against $56.9 million a year ago. Operating income was $50.7 million against $51.7 million a year ago. Purchases of property and equipment and capitalization of internal-use software costs was $31.2 million against $36.4 million a year ago. Total Adjusted EBITDA was $95.9 million against $90.5 million a year ago. For the nine months period, the company reported net income of $105.8 million or $0.57 per diluted share on revenue of $621.5 million against net income of $104.6 million or $0.56 per diluted share on revenue of $578.4 million reported a year ago. Income before income tax provision was $172.7 million against $174.5 million a year ago. Operating income was $161.2 million against $157.4 million a year ago. Year-to-date cash from operations was $300 million, an increase of 19% over the same period last year. Purchases of property and equipment and capitalization of internal-use software costs was $78.9 million against $94.9 million a year ago. Total Adjusted EBITDA was $293.6 million against $270.4 million a year ago.

Akamai Technologies Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).