Punjab National Bank Standardizes IT Infrastructure on Infosys and Oracle

Punjab National Bank (PNB), India’s second largest public sector bank, has standardized IT infrastructure on Infosys and Oracle.

In fact, the bank has become the world’s largest site for Infosys’s (News - Alert) Finacle Universal Banking Solution running on Oracle Real Application Clusters, Oracle's Sun SPARC Enterprise Servers and Oracle Solaris.

“We have been partnering with Infosys and Oracle (News - Alert) since we ventured into IT automation. I can proudly say that among the nationalised banks in India, we have taken IT deployment to new heights,” said Ajay Misra, GM, IT at PNB, in a statement.

“The Finacle solution on Oracle Real Application Clusters and Oracle's Sun Servers has provided us with reliable technology that helps us serve our customers much more efficiently. Our customer satisfaction rate has improved drastically in the last year,” said Misra.Officials with oracle claimed that Finacle on Oracle Real Application Clusters and Sun SPARC Enterprise servers have helped PNB to run its bank operations more efficiently, securely and with zero downtime.“It gives me great pleasure to be associated with such a landmark achievement,” said Sandeep Mathur, vice president, technology sales at Oracle India.

“Along with the world’s #1 database, Oracle Real Application Clusters will provide PNB with a highly scalable environment and enable banking services to its customers 24x7 without any disruption. In addition, Oracle Real Application Clusters is also supporting PNB’s disaster recovery site with quarterly disaster recovery drills using data from one full day of banking transactions,” said Mathur.

“We are pleased to enable PNB to take better advantage of the scalability and performance capabilities of Finacle and helping the bank achieve its strategic growth plans,” said Sanat Rao, vice president & head worldwide business development and alliances Finacle at Infosys Technologies Ltd. (News - Alert)

“Over the past few years, Infosys has worked closely with our technology partners like Oracle to help our clients utilize the cost-savings, efficiencies and ease-of-management features offered by Finacle,” said Rao.

TMCnet recently reported that Oracle announced that its fiscal 2011 third quarter GAAP total revenues rose 37 percent to $8.8 billion. Its non-GAAP total revenues, it reported, were up 36 percent to $8.8 billion. Its software license revenues, both GAAP and non-GAAP also rose—up 29 percent to $2.2 billion.

The company said its non-GAAP operating income was up 35 percent to $3.9 billion, and non-GAAP operating margin was 44 percent.

GAAP net income, it reported, was up 78 percent to $2.1 billion, while non-GAAP net income was up 42 percent, to $2.8 billion.

GAAP earnings per share were $0.41, up 75 percent compared to last year, the company said, while non-GAAP earnings per share were up 40 percent to $0.54. GAAP operating cash flow on a trailing 12-month basis was $9.9 billion.