Nike, Inc. has reported significantly improved financial results for the fourth quarter and 2007 fiscal year, ended May 31.

For the fourth quarter, revenues increased 9% to $4.4 billion compared with $4 billion for the same period last year. Net income increased 32% to $437.9 million from $332.8 million in the comparable quarter of the prior year. Revenues also grew 9% for the full fiscal year to reach $16.3 billion compared with $15 billion in fiscal 2006, whilst net income increased 7% to $1.5 billion versus $1.4 billion.

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