Infosys Ltd
Q1 2023 Earnings Call
Jul 25, 2022, 4:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, good day and welcome to Infosys Limited earnings conference call. [Operator instructions] I now hand the call [Audio gap]
Sandeep Mahindroo -- Financial Controller and Head-Investor Relations
Please note that anything which we say that refers to our outlook for the future is a forward-looking statement that must be read in conjunction with the risk that the company faces. A full statement explanation of these risks is available in our filings with the SEC, which can be found on www.sec.gov. I'd now like to pass the call on to Salil.
Salil Parekh -- Chief Executive Officer and Managing Director
Thanks, Sandeep. Good morning, and good evening to everyone on the call. Thank you all for taking the time to join us. We've had an excellent start to the financial year with 5.5% sequential growth and 21.4% year-on-year growth in constant currency terms.
We continue to gain market share with our Cobalt cloud capabilities and a differentiated digital value proposition, driving a significant pipeline of opportunities for us. For example, a premiere online retailer in the U.S. leveraged Infosys Cobalt to embark on a cloud-driven transformation journey to enhance the customer experience and improve the security posture. Another example is a European manufacturer who's reimagining their digital workplace and best-of-breed network security with IP infrastructure powered by Infosys Cobalt.
There are examples like this all across the spectrum in different sectors that are driving Infosys Cobalt into the market. Clients continue to place an immense amount of trust and confidence in Infosys to help accelerate their digital transformation agenda, both on efficiency and the growth dimension of the business. The strong growth we have seen in the quarter lays a robust foundation for the year. Growth continues to remain broad-based across the segments, service lines, and geographies.
Each of our business segments grew in double digits, with several of them growing at 25% or higher. In terms of geography, the U.S. geography grew at 18.4% and Europe grew at 33.2%. This indicates a healthy demand environment that is a reflection of how our industry-leading digital capabilities are relevant for our clients.
our digital revenues were 67% of the total and grew at 37.5% in the quarter in constant currency terms. Within digital cloud, work continues to grow faster with our Cobalt cloud capabilities seeing significant traction with our clients. Overall pipeline remained strong. We do see pockets of weakness, for example, in the area of mortgages in financial services.