Deutsche Bank analysts reiterated their buy rating on Oracle Corporation (NYSE:ORCL) ahead of the company’s Q4 results, noting that their partner checks support a fundamentally strong quarter.

The analyst said they fully appreciate the macro risks to software spending, the seasonal weightiness of Q4, OCI being a consumption-based model, and Oracle being the first public company to report a May ending C2Q. That all said, the analysts believe the saving grace is the mission-critical nature of the company’s offerings, and its customer base tilted to very large, durable enterprises and governments.

As well, Q4 is seasonally when Oracle’s largest deals are signed, and typically represents the culmination of several months if not quarters of negotiation and customer planning. Accordingly, Q4 deals very often have the momentum to them, and the analysts believe enough to deliver on expectations.