UPDATE 1-Akamai profit rises 65 pct, riding Apple iOS 7
* Third-quarter adjusted earnings $0.50/shr vs est $0.46
* Revenue rises 15 pct to $396 mln vs est $387.5 mln
* Shares up 8 pct in after-market trading
(Adds details, CEO comments)
Oct 23 (Reuters) - Akamai Technologies Inc, whose products help to move content quickly over the Internet, reported a 65 percent rise in profit as mobile activity and app downloads increased after Apple Inc launched its iOS 7 platform.
Akamai shares, which have risen more than 15 percent in the last three months, were up 8 percent after the bell.
"In our media division, we (had) a larger-than-expected software release at the end of the quarter," Chief Executive Tom Leighton told Reuters.
He declined to disclose if the software release was by Apple.
Mobile app stores will see annual downloads reach 102 billion in 2013, up from 64 billion in 2012, according to research firm Gartner. (http://link.reuters.com/ceb93v)
The company has benefited from constantly increasing internet traffic for the last few quarters as more people take to social media and streaming videos online.
Media and entertainment business accounted for about 50 percent of Akamai's revenue, Leighton said.
The company's 132,442 servers across the world carry content for clients including Facebook Inc.
Akamai's net income rose to $79.8 million, or 44 cents per share, in the third quarter, from $48.2 million, or 27 cents per share, a year earlier.
Excluding items, the company earned 50 cents per share.
Revenue rose 15 percent to $396 million.
Analysts had expected adjusted earnings of 46 cents per share on revenue of $387.5 million, according to Thomson Reuters I/B/E/S.
The company's shares closed at $51.87 on the Nasdaq on Wednesday.
(Reporting by Supantha Mukherjee and Chandni Doulatramani in Bangalore; Editing by Don Sebastian, Maju Samuel)