NIKE Inc reported financial results for the second quarter ended November 30, 2007. For the quarter, revenue grew 14 percent to $4.3 billion, compared to $3.8 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 4 percentage points for the quarter.

Second quarter net income grew 10 percent to $359.4 million, compared to $325.6 million in the prior year and diluted earnings per share increased 11 percent to $0.71, versus $0.64 last year.

Mark Parker, Nike Inc President and Chief Executive Officer, said, "Our second quarter was another great one, and it illustrates the ability of our portfolio to deliver consistent, profitable growth.

Our strategy for continued growth is very clear ¨C commit totally to the consumer, deliver innovative and relevant product, and focus our execution and discipline on those parts of the business that offer the greatest growth opportunity."

Futures Orders:
The Company reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from December 2007 through April 2008, totaling $6.5 billion, 13 percent higher than such orders reported for the same period last year. Changes in currency exchange rates increased reported orders growth by 3 percentage points.

By region, futures orders for the U.S. increased 1 percent; Europe (which includes the Middle East and Africa) increased 19 percent; Asia Pacific grew 24 percent; and the Americas increased 21 percent. Changes in currency exchange rates increased reported futures orders growth in Europe by 6 percentage points and by 4 percentage points in Asia Pacific and in the Americas.

Regional Highlights:

U.S.
During the second quarter, U.S. revenues increased 7 percent to $1.5 billion versus $1.4 billion for the second quarter of fiscal 2007. U.S. athletic footwear revenues increased 12 percent to $983.3 million; apparel revenues decreased 3 percent to $461.4 million; and equipment revenues increased 9 percent to $68.7 million. U.S. pre-tax income increased 9 percent to $306.6 million from $282.1 million a year ago.

Europe
Second quarter revenues for the European region grew 18 percent to $1.2 billion from $1.0 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 10 percentage points. Footwear revenues were up 19 percent to $646.7 million. Apparel revenues increased 15 percent to $485.9 million and equipment revenues increased 24 percent to $91.6 million. Pre-tax income increased 37 percent to $230.2 million.

Asia Pacific
In the second quarter, revenues in the Asia Pacific region grew 17 percent to $674.6 million compared to $578.2 million a year ago. Changes in currency exchange rates increased revenue growth by 5 percentage points. Footwear revenues were up 20 percent to $334.1 million, apparel revenues increased 15 percent to $289.2 million and equipment revenues grew 2 percent to $51.3 million. Pre-tax income increased 19 percent to $174.1 million.