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International was also an important contributor with strong revenue growth in the quarter, driven by our B2B business, while we are also seeing success in leveraging our hospital and health systems offerings to unlock new public health system opportunities. integrated care segment membership at the end of the quarter was 92.4
Second, our ability to drive earnings expansion given the operating leverage and margin maturation inherent in our business. I would note, we spent time at the Investor Day focused on performancefee margin ramp, and that margin maturation is continuing to perform as expected. Their leverage is coming down.
Financial reporting As at June 30, 2023, the annualized costs incurred for CDPQ’s activities, which include internal operating expenses, external management fees and transaction costs, were estimated at 55 cents per $100 of net average assets, compared with 48 cents as at December 31, 2022.
“Despite significant declines in global equity and fixed income markets during our fiscal year, our investment portfolio remained resilient, delivering stable returns while outperforming major indexes.” The positive fiscal-year results reflect returns on investments in infrastructure and certain U.S.
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