A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
COUNTIFS will be considerably quicker if you use longer ranges. With XL2007 and later you can use full-column references with both those functions (handy if you don't know how much data there is), but the SP version will examine all cells within the range whereas COUNTIFS will only use the cells up to what Excel regards as the last-used row.
Hope this helps.
Pete
EDIT: Plus, you can use the wildcard characters with COUNTIFS, but with SP you would need an ISNUMBER(SEARCH... construct to achieve this, which will slow it down even more.