Internet Information Services (IIS) exposes numerous configuration parameters that affect IIS performance. The below link describes several of these parameters and provides general guidance for setting the parameter values to improve IIS performance.
http://msdn.microsoft.com/en-us/library/ee377050(v=bts.10).aspx
See also
http://mohandeval.wordpress.com/2011/07/11/optimizing-iis7-5-performance/
See also
Prepare servers for better performances (chapter)