Let ϕ be an analytic function defined on the unit disk$D$, with ϕ($D$)⊂$D$, ϕ(0)=0, and ϕ′(0)=λ≠0. Then by a classical result of G. Kœnigs, the sequence of normalized iterates Φ_{$n$}/λ^{$n$}converges uniformly on compact subsets of$D$to a function σ analytic in$D$which satisfies$σ$°φ=λ$σ$. It is of interest in the study of composition operators to know if, whenever σ belongs to a Hardy space$H$_{$p$}, the sequence Φ_{$n$}/λ^{$n$}converges to σ in the norm of$H$_{$p$}. We show that this is indeed the case, generalizing a result of P. Bourdon obtained under the assumption that ϕ is univalent.