A friend of mine works for a fairly big software company who interview lots of people and have very high standards (incredibly challenging technical interviews). He said they once analysed all the past CVs to see if they could find anything that would be an indicator of interview performance. Their statistical analysis found one only word/phrase that was was an indicator of good/bad performance. The word was "certified" and it was associated with bad performance.

I thought that was funny but it does show that this company (and many others) don't care about certifications. Many good jobs are not about what you've learnt in the past, they're about what you can learn (and apply) in the future and whether you need to be taught it or you can learn it yourself. A company that cares a lot about certification is probably not one where you'll learn a lot.