(Reuters) - Nike Inc (N:NKE), the world's largest sportswear maker, reported a 23 percent rise in quarterly profit as it sold more higher-margin basketball shoes and apparel.
The company said net income rose to $1.18 billion, or $1.34 per share, in the first quarter ended Aug. 31, from $962 million, or $1.09 per share, a year earlier.
Revenue rose 5.4 percent to $8.41 billion.