Sporting goods giant Nike saw second quarter revenue grow 14%, beating analyst expectations despite signs of a slowdown in the US.

The company's revenue for the period ended 30 November hit US$4.3bn, while net income rose 10% to $359.4m, with diluted earnings per share up 11% to $0.71.

Nike's business in Europe, Asia Pacific and the Americas led the growth. European revenues were up 18% to $1.2bn, Asia Pacific sales increased 17% to $674.6m, and in the Americas, revenues rose 19% to $313.6m.

In the US, revenues were up 7% to $1.5bn, but apparel sales fell 3% to $461.4m - although footwear revenues increased 12% to $983.3m.

Worldwide future orders for the period from December 2007 to April 2008 are up 13% to $6.5bn, led by order increases of 19%, 24% and 21% for Europe, Asia Pacific and the Americas respectively.

However, there were renewed signs of a consumer spending slowdown in the US, where future orders are up only 1% for the same period.

Nike president and CEO Mark Parker described the quarter as "great", adding: "It illustrates the ability of our portfolio to deliver consistent, profitable growth."

Nike's other business revenues grew 16% to $613.7m, with pre-tax income up 31% to $70.8m. The company's strategic review of its affiliate brands has already resulted in the sale of Starter to Iconix for $60m, and the company is still exploring the sale of Bauer Hockey.

Nike has also agreed to buy UK sportswear company Umbro for about $570m, although the deal is yet to be finalised. "

We are confident that our divestiture decisions this quarter are the right ones for Bauer Hockey, for Starter and for Nike," said Parker.

"As for Umbro, it is a brand that has tremendous heritage and respect in global football. We're very excited about leveraging those connections."