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.

Other business revenues, which include Cole Haan Holdings Incorporated, Converse Inc., Exeter Brands Group LLC, Hurley International LLC, Nike Bauer Hockey Inc., and Nike Golf grew 9% to reach $649.7 million in the fourth quarter and by 16% to $2.3 billion for the full year.

The company also reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from June 2007 through November 2007, totalling $7.7 billion, 12% higher than the same period last year. By region, futures orders for the USA increased 7%, Europe (which includes the Middle East and Africa) improved 12% percent; Asia Pacific grew 19%; and the Americas increased 15%.