STOCKHOLM - If Skadeförsäkring AB, the largest property and casualty insurer in the Nordic region, has selected DXC Technology (NYSE:DXC) to operate and modernize its technology infrastructure across Finland, Sweden, Denmark and the Baltics, according to a press release statement issued today.
The multi-year agreement follows If’s acquisition of Topdanmark, a Danish insurer. DXC will operate thousands of compute resources across mainframe, data center and Microsoft Azure hybrid cloud environments for If’s insurance operations.The contract win comes as DXC, a prominent player in the IT Services industry with a market capitalization of $1.5 billion, navigates a challenging period. The stock has declined 34.5% over the past six months, though InvestingPro analysis suggests the company may be undervalued at current levels, appearing on the platform’s most undervalued stocks list.
DXC will consolidate mainframe and private cloud environments into its Denmark-based data centers and establish hybrid cloud orchestration with Microsoft Azure. The company will deploy its DXC OASIS platform to provide orchestration across If’s multi-country operations.
"As part of our strategy, we are building a stronger, more secure and scalable technology foundation across the Nordics and Baltics," said Hanna Elomaa, Head of IT Operations at If Skadeförsäkring AB. "Our partnership with DXC Technology enables us to simplify and modernise our infrastructure, consolidate our IT landscape and leverage automation and AI to enhance quality and efficiency."
The DXC OASIS platform will provide monitoring and workflow automation across If’s technology infrastructure. The platform includes AI capabilities designed to reduce manual tasks for IT teams.
"With DXC OASIS, we’re helping If simplify and orchestrate its mainframe, data center and cloud environments across multiple vendors as one integrated operation," said Peter Skarendal, Managing Director at DXC Sweden.
The agreement aims to support If’s integration of Topdanmark by unifying technology operations across the combined organization. Financial terms of the agreement were not disclosed.For deeper insights into DXC’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively through InvestingPro along with 12 additional ProTips for the company.
In other recent news, DXC Technology reported its fourth-quarter fiscal 2026 earnings, with an earnings per share (EPS) of $0.77, exceeding the forecast of $0.70. However, the company faced a revenue shortfall, reporting $3.13 billion compared to the expected $3.15 billion. This revenue miss, particularly in its GIS business, led BMO Capital to lower its price target for DXC Technology shares from $17 to $10, while maintaining a Market Perform rating. BMO Capital also noted that the company’s initial fiscal 2027 guidance was below expectations in terms of both revenues and EBIT margins.
Meanwhile, Oracle’s bond performance showed a notable development as it traded tighter than usual against its technology sector peers. According to Bloomberg’s analysis, Oracle’s 4.5% bond due in 2028 yielded 64.7 basis points above Treasuries, which was significantly tighter than the average of its industry peers. These recent developments highlight the varying financial performances and analyst reactions in the technology sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
ProPicks AI evaluates DXC alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if DXC is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?