The existing study tried to explore the relationship between the applications of HRIS and the firm’s financial results. To make sense, two most commonly used statistical tools: Regression and MANCOVA were tested. Five corporate financial performance indicators regressed with the applications of HRIS while firm ownership patterns, volume of capital and total number of employees kept as control variables. The study results explained as one standard deviation change in HRIS applications on the firm’s financial performance rather than one unit change of HRIS applications. Considering other things remain constant, one standard deviation increase in HRIS applications raises average 11.22 percent income an employee, 46.75 percent profit each employee, and 6.71 percent return on firm’s investment by year. On the other hand,there are no significant relationships between the applications of HRIS and firm’s ROE and ROA. These findings complement with Usman Sadiq et al., (2012) study on the impact of information systems on the performance of HR department. Similar results on HRM practices and firm’s financial outcomes also found from some previous studies . However, HRIS does not only upsurge the administrative or operational HR efficiency but also improve HR strategic outcomes as higher financial outputs in the form of higher income and profit per employee, and return on investment. Further, the study tried to explore whether the firm’s financial performance (income P/E, profit P/E and ROI) vary according to the ownership patterns while applications of HRIS acted as covariate. Our study found no significant variance on income per employee, profit per employee and return on investment among state-owned, private and foreign private commercial banks. But, the finding does not conform to the Australian study conducted by Rodwell and
Teo (2008) on health sector mentioned in section 5.2 of this study. This may be the cause of having high and almost equal capital volume among the banks determined by the central bank of Bangladesh. As a result, all of them are almost equally capable to invest in new technology like HRIS.