Nike has recorded higher revenues for its third quarter ended February 28.

Third quarter revenues increased 7% from $4.4 billion during the third quarter last year to $4.7 billion in the current year. Net income was $496 million compared with $244 million.

During the third quarter, revenue for North America increased 1% to $1.7 billion. Footwear revenues of $1.2 billion were down 1% compared with last year, apparel revenues grew 6% to $409 million and equipment revenues increased 8% to $85 million.

Third quarter revenue for Western Europe increased 4% to $929 million. Compared with the same period last year, footwear revenue increased 8% to $577 million, apparel revenue declined 1% to $300 million and equipment revenue decreased 4% to $52 million.

Revenue for Central and Eastern Europe declined 8% to $272 million. Footwear revenue decreased 2% to $159 million, apparel revenue was down 17% to $94 million and equipment revenue dropped 15% to $19 million.

Revenue for Greater China during the third quarter was up 10% to $458 million. Footwear revenue grew 12% to $279 million, apparel revenue increased 8% to $154 million, and equipment revenue was up 13% to $26 million.

Japan's third quarter revenue was down 7% to $213 million. Compared to the prior year, footwear revenue declined 6% to $103 million, apparel revenue dropped 9% to $87 million and equipment revenue decreased 9% to $23 million.

In the emerging markets revenue was up 43% to $509 million for the third quarter. Footwear revenue increased 53% to $352 million, apparel revenue rose 32% to $119 million and equipment revenue increased 10% to $38 million.

Revenue in the third quarter for other businesses, which includes Cole Haan, Converse, Hurley International, Nike Golf and Umbro increased 13% to $656 million.

"We had a great quarter," said Mark Parker, president and chief executive officer. "Today's results reinforce our belief that when we connect with consumers in deep and meaningful ways from product concepts to how they experience our brands, we win in the marketplace and drive sustainable, profitable growth."

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