[Nike achieved revenue of $12.9 billion in the first quarter of the fiscal year 2024 Greater China performance resilience highlights two consecutive quarters of double-digit growth] On September 29, Nike released the financial report for the first quarter of the fiscal year 2024 (as of August 31, 2023), during the reporting period, the company achieved revenue of $12.9 billion, an increase of 2%; Net income was $1.5bn, down 1 per cent from a year earlier. The results beat expectations, sending shares up more than 7 percent after hours. "This first quarter's performance demonstrates what Nike can achieve when it brings great innovation, a great brand story and a great market experience to consumers," said Nike Group President and CEO Ruoxiu Tang.